Radar > 234110

XP Investimentos shows interest in Citigroup retail banking and credit cards

XP Investimentos está interesada en negocio de banca minorista y tarjeta de crédito de Citigroup

XP Investimentos está interessada no negócio de banco de varejo e de cartão de crédito do Citigroup

Intel ID : 234110
Synopsis

XP Investimentos, a brokerage firm and financial adviser based in Rio de Janeiro, is interested in the retail banking and credit cards business held by Citigroup (NYSE:C) in Brazil, as published by newspaper Estadão on 22 February 2016, citing its president, Guilherme Benchimol.

According to the news, Banco Santander (BME: SAN), based in Madrid, could also be interested in Citigroup's business in Brazil, Argentina and Colombia.

Citigroup, based in New York, confirmed the sale of its retail banking and credit card operations in Argentina, Brazil and Colombia, on 19 February 2016. (see related intel)
(content in spanish)

XP Investimentos, con sede en Río de Janeiro y dedicada a actuar como agente de bolsa y como asesor financiero, está interesada en el negocio de banca minorista y de tarjetas de crédito de Citigroup (NYSE: C) en Brasil, según ha señalado Estadão el 22 de febrero de 2016.

De acuerdo con la noticia, Banco Santander (BME: SAN), entidad financiera con sede en Madrid, también estaría analizando la posibilidad de adquirir el negocio en Brasil, Argentina y Colombia.

Citigroup, entidad financiera con sede en Nueva York, confirmó que tiene a la venta sus operaciones de banca minorista y de tarjetas de crédito en Argentina, Brasil y Colombia el 19 de febrero de 2016 (ver Intel relacionado).
(content in portuguese)

A XP Investimentos, com sede no Rio de Janeiro e que atua como corretora de valores e assessor financeiro, está interessada no negócio de banco de varejo e de cartão de crédito do Citigroup (NYSE:C) no Brasil, segundo publicou o Estadão em 22 de fevereiro de 2016, citando ao presidente da corretora XP Investimentos, Guilherme Benchimol.

De acordo com a publicação, o Banco Santander (BME: SAN), entidade financeira com sede em Madri, também estaria de olho no negócio no Brasil, Argentina e Colômbia.

O Citigroup, entidade financeira com sede em Nova Iorque, confirmou a venda de suas operação de banco de varejo e de cartão de crédito na Argentina, Brasil e Colômbia em 19 de fevereiro de 2016. (ver Intel relacionado)

Seller

Citigroup
United States

Intel ID 234110
Value ND
Native Currency Brazilian Real (BRL)
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Services and Distribution / Consultancy, Audit and Engineering
Primary Sector (TTRSC)
25.01.08 Investment Banking & Brokerage Services
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

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

Target

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
15.05.99 Other Distribution & Retail
15 Consumer Products & Services / 15.05 Distribution & Retail

Country
Description

Seller

Name
verified
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

25.01.08 Investment Banking & Brokerage Services
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.