Mergers & Acquisitions
Retail Banking
Uncategorized
Citigroup sells stake in Turkey’s Akbank for $1.2b
Citigroup has sold its nearly 10 per cent stake in Turkey’s Akbank for $1.2 billion, the US lender said on Thursday, its latest disposal of overseas assets to cut costs and boost profits. New York-based Citi has been paring back in international markets in recent years, pulling out of retail…
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Click here to read the full story: Gulf News