This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Singapore's UOB to acquire Citi's consumer business in 4 Asean countries for $3.6 billion

( January 14, 2022, 09:04 GMT | Official Statement) -- MLex Summary: Subsidiaries of Singapore' United Overseas Bank have agreed to acquire Citigroup’s consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam for S$4.9 billion ($3.6 billion), subject to regulatory approvals relevant to each country, including central banks and other financial services regulators. Once completed, which is expected between mid-2022 and early 2024, the deal will double UOB's retail customers in the four countries to 5.3 million. The full announcement is attached. ...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login