Citi Brings In $1.4B For Brazilian Credit Card Unit
Citi Brazil said it would sell Credicard, its nonbanking credit card and consumer finance business, to Itau Unibanco. The business has a gross credit portfolio of about $3.6 billion, the Brazilian bank said Tuesday.
The deal, which is subject to Brazilian regulatory approval, is slated to close later this year. Itau Unibanco said...
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