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Economy 1 MIN READ

BRIEF-Union Bank Of The Philippines Acquires Citigroup’S Consumer Banking Business In Philippines

December 23, 2021By Reuters
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Dec 23 (Reuters) – Citigroup Inc C.N:

  • ACQUIRES CITIGROUP’S CONSUMER BANKING BUSINESS IN THE PHILIPPINE

  • WILL PAY CASH FOR THE NET ASSETS OF THE CITI PHILIPPINES CONSUMER BUSINESS PLUS A PREMIUM OF 45.3 BILLION PESOS

  • TRANSACTION INCLUDES CITI’S CREDIT CARD, PERSONAL LOANS, WEALTH MANAGEMENT, AND RETAIL DEPOSIT BUSINESSES

Source text for Eikon: nPSX8QLRPP

Further company coverage: C.N

((Reuters.Briefs@thomsonreuters.com;))

This article originally appeared on reuters.com

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