Ck38
2021-12-01
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Citi Said to Pick Union Bank as Preferred Bidder for Philippines<blockquote>花旗表示将选择联合银行作为菲律宾的首选竞标者</blockquote>
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A potential sale could value the assets at about $1 billion, the people said.\nTalks are still ongoing and there’s no certainty a transaction will be concluded, the people said. Other bidders remain interested, they said.\nA representative for Citigroup and Union Bank President Edwin Bautista declined to comment.\nThe sale of Citigroup’s consumer banking assets in the Philippines had drawn bids from other financial institutions including BDO Unibank,Metropolitan Bank & Trust Co.andBank of the Philippine Islands, Bloomberg News reported in October.\nCitigroup is divesting consumer banking businesses in certain markets as it seeks to reshape itself around more profitable units like investment banking, while focusing its wealth franchise around hubs in Hong Kong, London, Singapore and the United Arab Emirates.","news_type":1,"symbols_score_info":{"C":0.9}},"isVote":1,"tweetType":1,"viewCount":1208,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/603067999"}
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