Announced
Synopsis
National Australia Bank, one of the four largest financial institutions in Australia, agreed to acquire the Australian consumer banking business of Citigroup, an American multinational investment bank and financial services corporation, for $882m. "This is a positive outcome for our clients, our colleagues and for Citi. As this transaction shows, we are moving forward with urgency as we refresh our strategy and execute the decisions we have already made as part of that effort. We are focusing our resources on businesses where we have scale and competitive advantages in order to deliver growth and improved returns over time," Jane Fraser, Citi CEO. On November 25, 2021, ACCC announced its decision not to oppose the deal.
Show Details & Financials
Did you work on this deal?
Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.
By continuing, you agree to our Terms & Conditions and our Data Privacy Policy
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.