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Economy
1 MIN READ
BRIEF-Union Bank Of The Philippines Acquires Citigroup’S Consumer Banking Business In Philippines
December 23, 2021
By Reuters
By Reuters
Dec 23 (Reuters) – Citigroup Inc C.N:
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ACQUIRES CITIGROUP’S CONSUMER BANKING BUSINESS IN THE PHILIPPINE
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WILL PAY CASH FOR THE NET ASSETS OF THE CITI PHILIPPINES CONSUMER BUSINESS PLUS A PREMIUM OF 45.3 BILLION PESOS
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TRANSACTION INCLUDES CITI’S CREDIT CARD, PERSONAL LOANS, WEALTH MANAGEMENT, AND RETAIL DEPOSIT BUSINESSES
Source text for Eikon: nPSX8QLRPP
Further company coverage: C.N
This article originally appeared on reuters.com