Radar > 242823

Citigroup cancels sale of Citibank Colombia

Citigroup cancela proceso de venta de Citibank Colombia

Intel ID : 242823
Synopsis

Citigroup (NYSE:C), a New York-based financial institution, has canceled the sale of its commercial and retail banking unit in Colombia, announced Citibank Colombia in a filing submitted to regulator Superintendencia Financiera de Colombia on 24 November 2016.

Specifically, Citigroup decided to retain that business unit, though it does not rule out analyzing a potential sale in the future.

Citigroup confirmed the sale of the retail banking unit of its subsidiaries in Colombia, Argentina, and Brazil in February 2016 (see related intel).
(content in spanish)

Citigroup (NYSE:C), entidad financiera con sede en Nueva York, ha decidido cancelar el proceso de venta de la banca comercial y de consumo de Citibank Colombia, ha anunciado Citibank Colombia en un hecho relevante publicado por la Superintendencia Financiera de Colombia el 24 de noviembre de 2016.

En concreto, Citigroup ha decidido conservar esa unidad de negocio, aunque no descarta analizar una posible venta en un futuro.

Citigroup había confirmado la venta de la banca minorista de sus filiales en Colombia, Argentina y Brasil en febrero de 2016 (ver intel relacionado).

Relevant Documents


Intel ID 242823
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

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
Description

Seller

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

25.01.04 Consumer Finance
25 Financial Services / 25.01 Banking & Investment

25.01.08 Investment Banking & Brokerage Services
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Related Entity

Name
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.