Commission Decision No. 03-M-001/2022: Proposed Acquisition by UnionBank of the Philippines of Assets of Citibank N.A.
Commission Decision No. 03-M-001/2022:
Proposed Acquisition by UnionBank of the Philippines of Assets of Citibank N.A., Philippine Branch and Citi Square Building Corporation, and Shares in Citicorp Financial Services & Insurance Brokerage Philippines, Inc.
The proposed transaction concerns the proposed acquisition by UnionBank of the Philippines, from various subsidiaries of Citigroup Inc., of the consumer banking business of Citibank N.A. (Philippine Branch) and 100% of the outstanding capital stock of Citicorp Financial Services and Insurance Brokerage, Inc.