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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