Ficohsa's takeover of Nicaragua Citi is cleared
Wednesday, June 10, 2015
Nicaragua's banking regulator approved the acquisition of Banco Citibank and Cititarjetas de Nicaragua, units of U.S.-based Citigroup, by Honduran financial services group Ficohsa, the regulator said on Tuesday.
The regulator said the acquisition will not be finalized for several weeks.
Source: Reuters