Announced
Financials
Sources
Tags
Acquisition
Friendly
banking
Single Bidder
Venezuela
Pending
Domestic
Majority
Banks
Private
Synopsis
Banco Nacional de Crédito, a Venezuelan commercial bank, agreed to acquire the Venezuelan operations of Citigroup. Financial terms were not disclosed. “BNC is committed to supporting Citi’s clients in Venezuela who will continue receiving high-quality financial services while benefiting from the advantages of an expanding local bank with a skilled professional team and a modern technological platform,” Jorge Nogueroles, BNC President and CEO.
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