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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.

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.

ABSTRACT:

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.

1676601730_MAO-Case-No.-M-2022-001-Commission-Decision-No.-03-M-001-2022-dated-5-April-2022.pdf

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/ 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.

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.