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Australia’s competitions watchdog approves NAB’s acquisition of Citi’s local consumer unit

Amnon Free Press/Central Press Syndicate, USA. Read, Enjoy and Share the Latest US News Updates.

November 24, 2021

(Reuters) – Australian competitions regulator on Thursday said it would not oppose National Australia Bank’s proposed acquisition of Citigroup’s local consumer unit.

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National Australia Bank in August said it would acquire Citigroup Australia Pty Ltd for about $882.24 million.

(Reporting by Sameer Manekar in Bengaluru; Editing by Anil D’Silva)

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