Ck38
2021-12-01
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Citi Said to Pick Union Bank as Preferred Bidder for Philippines
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Other bidders remain interested, they said.</p>\n<p>A representative for Citigroup and Union Bank President Edwin Bautista declined to comment.</p>\n<p>The 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.</p>\n<p>Citigroup 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.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citi Said to Pick Union Bank as Preferred Bidder for Philippines</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiti Said to Pick Union Bank as Preferred Bidder for Philippines\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-01 14:53 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-12-01/citi-said-to-pick-union-bank-as-preferred-bidder-for-philippines?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Citigroup Inc. has chosen Union Bank of the Philippines as its preferred bidder to acquire its consumer banking assets in the Southeast Asian country, according to people familiar with the matter.\n...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-01/citi-said-to-pick-union-bank-as-preferred-bidder-for-philippines?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗"},"source_url":"https://www.bloomberg.com/news/articles/2021-12-01/citi-said-to-pick-union-bank-as-preferred-bidder-for-philippines?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144507972","content_text":"Citigroup Inc. has chosen Union Bank of the Philippines as its preferred bidder to acquire its consumer banking assets in the Southeast Asian country, according to people familiar with the matter.\nCitigroup and Union Bank plan to continue to negotiate the terms and structure of a deal with the goal of reaching an agreement over the coming weeks, the people said. 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