Mergers & Acquisitions Mergers & Acquisitions

NAB's move on Citigroup consumer business monitored by competition regulator

By Laurel Henning
  • 09 Aug 2021 03:06
  • 09 Aug 2021 23:44
National Australia Bank’s announcement today that it has entered into a A$1.2 billion ($880 million) agreement with Citigroup to buy the international bank’s Australian consumer business has prompted the country’s competition regulator to monitor the merger.

NAB — one of Australia’s four largest banks — announced the proposed acquisition to the Australian

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