M&A Deal Summary |
|
|---|---|
| Date | 2022-01-13 |
| Target | Citi - Consumer Bank in Indonesia Malaysia Thailand and Vietnam |
| Sector | Financial Services |
| Buyer(s) | United Overseas Bank |
| Sellers(s) | Citi |
| Deal Type | Divestiture |
| Deal Value | 690M USD |
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United Overseas Bank is a multinational banking company headquartered in Singapore. The Bank serves customers throughout Southeast Asia and was formed in 1935.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Financial Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (Indonesia) | 1 of 1 |
| Year (2022) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 1812 |
| Sector | Financial Services |
| Employees | 237,000 |
| Revenue | 78.5B USD (2023) |
Citi is a global diversified financial services holding company, whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. Citi was incorporated in 1812 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 19 of 19 |
| Sector (Financial Services) | 12 of 12 |
| Type (Divestiture) | 16 of 16 |
| Country (Indonesia) | 1 of 1 |
| Year (2022) | 1 of 1 |
| Size (of disclosed) | 5 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-11-17 |
Fairstone Financial
Montreal, Ontario, Canada Fairstone Financial, Inc. is a non-bank provider of responsible lending solutions for near-prime borrowers with over C$3 billion in assets on a consolidated basis. Fairstone, including through its predecessors, has close to a 100-year history of providing Canadians with access to responsible credit. |
Sell | - |
