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Announced

Ahli United Bank to acquire the consumer banking business in Bahrain of Citigroup.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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consumer banking

Private

Bahrain

Acquisition

Banks

Friendly

Pending

Single Bidder

Majority

Domestic

Synopsis

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Ahli United Bank, a commercial banking firm, agreed to acquire the consumer banking business in Bahrain of Citigroup, a global commercial bank. Financial terms were not disclosed. “This is a positive outcome for our colleagues and our clients in Bahrain, and our top priority is to manage and support them through a seamless transition to AUB. We are proceeding with the same consideration for our remaining consumer exit markets,” Titi Cole, Citi CEO of Legacy Franchises.

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