NAB confirms discussions with CitigroupSource: RNS
800 Bourke Street
Docklands VIC 3008
Tuesday, 13 July 2021
NAB confirms discussions with Citigroup about potential acquisition
Following media speculation, NAB confirms it is in discussions with Citigroup about the potential acquisition of its Australian Consumer business.
NAB regularly assesses opportunities to acquire businesses that support its growth strategy in core banking markets.
There is no certainty these discussions will lead to a transaction.
NAB will update the market further if and when appropriate.
For further information:
Mark Alexander Jessica Forrest
M: +61 (0) 412 171 447 M: +61 (0) 457 536 958
Sally Mihell Natalie Coombe
M: +61 (0) 436 857 669 M: +61 (0) 477 327 540
The release of this announcement is authorised by Gary Lennon, Group Chief Financial Officer.