FT Markets Data
National Australia Bank Ltd

NAB confirms discussions with Citigroup

Source: RNS
RNS Number : 0560F
National Australia Bank Ld
13 July 2021
 

800 Bourke Street

Docklands VIC 3008
AUSTRALIA

www.nab.com.au

 

Tuesday, 13 July 2021

ASX Announcement

 

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:

Media

Mark Alexander                                                      Jessica Forrest

M: +61 (0) 412 171 447                                          M: +61 (0) 457 536 958

Investor Relations

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.

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