Citigroup puts Elavon do Brasil stake up for sale
Citigroup põe a venda sua participação na Elavon do Brasil
Intel ID : 231604
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US-based financial institution Citigroup (NYSE:C) will sell its 49% stake in Elavon do Brasil, as published by Reuters on 23 November 2015. Elavon do Brasil is a joint venture between Elavon and Citibank Brasil, engaged in credit card operations in the country. Citigroup's objective is to exit the credit card market in Brazil. One of the reasons is the recession in the country and the company's need of more investment. Citigroup offered its stake to Itaú, Banco Bradesco, Caixa Econômica, Banco do Brasil and Banco Santander, according to the news.
(content in portuguese)
A entidade financeira norte-americana Citigroup (NYSE:C), vai vender sua participação de 49% na Elavon do Brasil, segundo publicou a Reuters no dia 23 de novembro de 2015. A Elavon do Brasil, é uma Joint Venture entre Elavon e Citibank Brasil, que atua como operadora de cartões de crédito no País. A intenção do Citigroup é deixar de atuar no setor de cartões de crédito no Brasil. Entre os motivos estão a recessão no pais e a necessidade de investir mais capital na companhia. O Citigroup já ofereceu sua participação ao Itaú, Banco Bradesco, Caixa Econômica, Banco do Brasil e ao Banco Santander, segundo a noticia. |
| Intel ID | 231604 | |
| Value | ND | |
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Brazilian Real (BRL)
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Financial Data - Elavon
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10.01.99 Other Business & Professional Support Services 10 Business Services / 10.01 Business & Professional Support Services |
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25.04.03 Holding Companies / Financial Holding Companies 25 Financial Services / 25.04 Other Financial Services |
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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 |
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25.01.03 Commercial, Retail & Mortgage Banking 25 Financial Services / 25.01 Banking & Investment |
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25.04.04 Payments & Remittance Services 25 Financial Services / 25.04 Other Financial Services |
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Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
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.