Tuesday, July 23, 2024

Logo Central America Link

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