Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 09-10-2016 | Practice Area: | Corporate and M&A |
| Deal Title: | Banco Santander Rio Acquisition of Citi Consumer Banking Business in Argentina | Industry: | Banks |
| Description: |
On October 9, 2016, Banco Santander Rio and Citi announced that they had reached a definitive agreement under which Citi would sell its consumer banking business in Argentina to Banco Santander Rio. The sale involved approximately USD1.4 billion in assets in Argentina and included credit cards, personal loans and Citi Argentina's retail brokerage business, as well as deposit accounts. Cravath represented Banco Santander Rio in connection with the transaction.
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| Financial Center: | London | Value: | 0.00-0.00 |
| Advised Party: | Acquiror | Law Firm | Cravath |
| Target Company Jurisdiction: | Argentina | Acquiror Jurisdiction: | Brazil |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | David Mercado |
