Radar > 240471

Banco Santander and Banco Itaú Unibanco are finalists in the dispute for the Citibank Brasil retail operations

O Banco Santander e o Banco Itaú Unibanco seriam finalistas na disputa pelas pelas operações de varejo do Citibank Brasil

Intel ID : 240471
Synopsis

Banco Santander (BME: SAN), a Madrid-based financial institution, and the Brazil-based Banco Itaú Unibanco (BVMF: ITUB3; NYSE: ITUB) are finalists in the competition for the Citibank Brasil retail operations, reported Econômico on 12 September 2016.

The price of this business can vary between EUR 250m and EUR 500m. So far, neither bank has obtained exclusivity to negotiate, the report noted.

The sale of Citibank Brasil retail operations was confirmed in June 2016 (see related intel).
(content in portuguese)

O Banco Santander (BME: SAN), entidade financeira com sede em Madri, e o brasileiro Banco Itaú Unibanco (BVMF: ITUB3; NYSE: ITUB), seriam finalistas na disputa pelas operações de varejo do Citibank Brasil, segundo publicou o Econômico no dia 12 de setembro de 2016.

Segundo a notícia, o preço deste negócio pode variar entre EUR 250m e EUR 500m. Até agora, nenhum dos dois bancos obteve exclusividade para negociar.

A venda das operações de varejo do Citibank Brasil foi confirmada em junho de 2016 (ver Intel relacionado).

Intel ID 240471
Value ND
Native Currency Brazilian Real (BRL)
Exchange Rate:
Financial Data - Citi Brasil
(31 Dec 2024)
Revenue: -
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

25.01.04 Consumer Finance
25 Financial Services / 25.01 Banking & Investment

25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

Country
Website
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

Secondary Sectors (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.