News Formal

UnionBank shares sizzle as talks with Citi excite market

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 86%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Shares of Aboitiz-led Union Bank of the Philippines rose by 6.42 percent on Thursday on prospects it would take over the Philippine consumer banking assets of American banking giant Citi.

UBP, deemed the dark horse in the race, confirmed to the Philippine Stock Exchange on Thursday it was in discussions with Citi, which is bowing out of the local consumer and retail banking businesses as part of its global downsizing program. Reports earlier said the digital-savvy bank was the “preferred bidder” for Citi’s assets, which have an estimated value of $1 billion.

“Accordingly, there can be no assurance that the transaction will be completed at this stage,” it added.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 3. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Grab shares rise in US debut after record $40B SPAC mergerShares of Grab rose 18 percent in their US market debut on Thursday, after Southeast Asia's biggest ride-hailing and delivery firm inked a record $40 billion merger with a blank-check company.
ソース: ABSCBNNews - 🏆 5. / 83 続きを読む »