Citibank Korea may pursue divisional sales
Posted : 2021-06-03 16:36
Updated : 2021-06-03 16:36
Citibank s logo is displayed at the headquarters of Citibank Korea in Seoul in this file photo. Yonhap
By Lee Min-hyung
Citibank Korea CEO Yoo Myung-soonAs chances are low for Citibank Korea to find an optimal sole investor to acquire its retail banking business, which is now up for sale at a relatively high sale price, the lender may pursue divisional sales of its retail banking unit, industry sources said, Thursday.
Citibank Korea held a second board meeting Thursday to discuss its renewed exit strategy by scrapping its earlier plan to sell its retail banking business as a whole and find separate buyers for individual units.
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