BRIEF-Citigroup Says Signed And Closed The Sale Of AO Citibank, Citi’S Former Russian Subsidiary, To Renaissance Capital

Citigroup Inc. -1.78% Post

Citigroup Inc.

C

129.34

129.41

-1.78%

+0.05% Post

Feb 18 (Reuters) - Citigroup Inc C.N:

  • CITIGROUP: SIGNED AND CLOSED THE SALE OF AO CITIBANK, CITI’S FORMER RUSSIAN SUBSIDIARY, TO RENAISSANCE CAPITAL

  • CITIGROUP: TRANSACTION RESULTED IN CITI’S FULL EXIT FROM ITS OPERATIONS IN RUSSIA AND INCLUDED ALL REMAINING BUSINESSES, AS WELL AS APPROXIMATELY 800 EMPLOYEES

  • CITIGROUP: DIVESTITURE EXPECTED TO PROVIDE ESTIMATED BENEFIT TO CITI’S COMMON EQUITY TIER 1 CAPITAL IN THE Q1 OF 2026 OF APPROXIMATELY $4 BILLION

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