Citigroup Inc. Mergers and Acquisitions


Citigroup Inc.

399 Park Avenue
New York, NY 10043
United States
Tel:1/212-559-1000
URL: http://www.citigroup.com/
Formerly known as:
Travelers Group Inc.
Travelers Inc.
Primary Symbol & Exchange:
C - Common Stock - New York Stock Exchange
Other Symbol & Exchange:
8710 - Dual Listed - Tokyo
Industry:
Banking
Citigroup Inc. Company Snapshot

Citigroup Inc. Deal Timeline


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Acquisitions > 100 M$ 10 to 100 M$ < 10M$ Stakes Divestitures

Citigroup Inc. M&A History


Creditors acquires a minority stake in MagnaChip Semiconductors LLC Creditors acquires a minority stake in  MagnaChip Semiconductors LLCNov 07, 2009

US - MagnaChip Semiconductor LLC (Magnachip), a manufacturer of semiconductors, completed a debt restructuring transaction with Creditors (CR). Avenue capital Management II LP was one of the creditors. On completion, CRs were to hold an undisclosed minority stake in the restructured MagnaChip.

Gjensidige Bank acquires Citibank International PLC- from Citigroup Inc (pending) Gjensidige Bank acquires  Citibank International PLC- from Citigroup Inc (pending)Oct 09, 2009

NORWAY - Gjensidige Bank AS, a unit of Gjensidige Forsikring BA, agreed to acquire consumer finance business of Citibank International PLC Norway Branch, an Oslo-based bank, a unit of Citigroup Inc's Citibank International subsidiary.

Occidental Petro Corp acquires Phibro LLC from Citigroup Inc (pending) Occidental Petro Corp acquires  Phibro LLC from Citigroup Inc (pending)Oct 09, 2009

US - Occidental Petroleum Corp agreed to acquire Phibro LLC (Phibro), a Westport- based commodities brokerage firm, from Citigroup Inc (Citigroup). Originally, in August ####, Citigroup was rumored to be seeking a buyer for its Phibro unit.

Citigroup Inc seeking buyer for Citibank Belgium SA Citigroup Inc seeking buyer for Citibank Belgium SAOct 01, 2009

BELGIUM - In October ####, Citigroup Inc announced that it was seeking a buyer for it unit Citigroup Belgium NV, a Brussels based bank. Spanish commercial bank Santander, French mutual bank Credit Mutuel and French bank Societe Generale are rumored to

Nomura Trust & Banking Co Ltd acquires NikkoCiti Trust and Banking from Citigroup Inc Nomura Trust & Banking Co Ltd acquires  NikkoCiti Trust and Banking  from Citigroup IncOct 01, 2009

JAPAN - Nomura Trust & Banking Co Ltd, a wholly- owned unit of Nomura Holdings Inc, acquired the entire share capital of NikkoCiti Trust and Banking Corp (NikkoCiti Trust), a Shinagawa, Tokyo-based provider of banking services, from US-based Citigroup Inc

Sumitomo Trust & Banking Co acquires Nikko Asset Management Co Ltd from Citigroup Inc Sumitomo Trust & Banking Co acquires  Nikko Asset Management Co Ltd from Citigroup IncOct 01, 2009

JAPAN - Sumitomo Trust & Banking Co Ltd acquired a ##. ##% interest of Nikko Asset Management Co Ltd (Nikko Asset), a Minato, Tokyo-based provider of investment management services, and a majority-owned unit of US- based Citigroup Inc's (Citi

Sumitomo Mitsui Banking Corp acquires Nikko Cordial Securities Inc from Citigroup Inc Sumitomo Mitsui Banking Corp acquires  Nikko Cordial Securities Inc from Citigroup IncOct 01, 2009

JAPAN - Sumitomo Mitsui Banking Corp {SMBC}, a wholly- owned unit of Sumitomo Mitsui Financial Group Inc {SMFG}, acquired Nikko Cordial Securities Inc (Nikko Cordial) , a Chiyoda, Tokyo-based securities brokerage firm, and a wholly-owned unit of US- based Citigroup

Bank Handlowy w Warszawie SA acquires a minority stake in Polski Koncern Miesny Duda SA Bank Handlowy w Warszawie SA acquires a minority stake in  Polski Koncern Miesny Duda SASep 29, 2009

POLAND - Bank Handlowy w Warszawie SA, a unit of Citigroup Inc's Citibank Overseas Investment Corp subsidiary, acquired a #% stake, or ##.## mil ordinary shares, in Polski Koncern Miesny Duda SA (Polski), a Warsaw-based producer of meat

Investor Group acquires Citi Colfondos SA Pensiones y from Citigroup Inc (pending) Investor Group acquires  Citi Colfondos SA Pensiones y from Citigroup Inc (pending)Sep 29, 2009

COLOMBIA - An investor group, comprised of Mercantil Colpatria SA, Palmfund Management LLC of the US, and Linzor Capital Partners LLP of Chile, agreed to acquire Citi Colfondos SA Pensiones y Cesantias (Colfondos), a Bogota-based provider of pension fund services

Barclays Bank PLC acquires Citibank Portugal-Credit Card from Citigroup Inc (pending) Barclays Bank PLC acquires  Citibank Portugal-Credit Card from Citigroup Inc (pending)Sep 29, 2009

PORTUGAL - Barclays Bank PLC, a unit of Barclays PLC definitively agreed to acquire the credit cards business (CC) of Citibank Portugal SA (CP), a wholly- owned unit of Citigroup Inc. Originally, in May ####, CP was rumored to be seeking

Elavon Inc acquires Citigroup Inc-Diners Club Card from Citigroup Inc Elavon Inc acquires  Citigroup Inc-Diners Club Card from Citigroup IncSep 28, 2009

UK - Elavon Inc of the US, a unit of US Bancorp acquired the Diners Club Card merchant portfolio in Western Europe of Citigroup Inc, a New York- based provider of financial services.

Citigroup Global Mauritius acquires a minority stake in HBL Power Systems Ltd from Beaver Engineering Ltd (pending) Citigroup Global Mauritius acquires a minority stake in  HBL Power Systems Ltd from Beaver Engineering Ltd (pending)Sep 22, 2009

INDIA - Citigroup Global Markets Mauritius Pvt Ltd of Mauritius, a wholly-owned unit of Citigroup Global Markets Inc subsidiary of Citigroup Inc's Citigroup Global Markets Holdings Inc unit, planned to acquire a #. ##% stake, or #.## mil

Istituto Bancario del Lavoro acquires Citicorp Finanziaria-branches from Citigroup Inc (pending) Istituto Bancario del Lavoro  acquires  Citicorp Finanziaria-branches from Citigroup Inc (pending)Sep 07, 2009

ITALY - Istituto Bancario del Lavoro SpA planned to acquire the ## branches of Citicorp Finanziaria SpA, a Milan- based investment company. Terms were not disclosed.

US Bancorp,Minneapolis,MN is rumored to be planning to acquire Citigroup Inc-Credit Card from Citigroup Inc US Bancorp,Minneapolis,MN is rumored to be planning to acquire  Citigroup Inc-Credit Card  from Citigroup IncAug 31, 2009

US - US Bancorp, Minneapolis, Minnesota, was rumored to be planning to acquire three credit-card portfolios of Citigroup Inc, a New York- based provider of provider of financial services such as insurance, investment and mortgage banking, securities brokerage, investment management

Arbuthnot Banking Group PLC acquires CitiFinancial Europe-Loan Port from Citigroup Inc (pending) Arbuthnot Banking Group PLC acquires  CitiFinancial Europe-Loan Port from Citigroup Inc (pending)Aug 21, 2009

UK - Secure Trust Bank Plc, the retail banking subsidiary of Arbuthnot Banking Group Plc, agreed to acquire portfolio of personal installment loans from Citifinancial Europe PLC, a subsidiary of Citigroup Inc of USA, for GBP ##.# mil (USD ##.

Preferred Shareholders acquires Citigroup Inc Preferred Shareholders acquires  Citigroup IncJul 30, 2009

US - Citigroup Inc (Citi), a provider of financial services such as insurance, investment and mortgage banking, securities brokerage, investment management, and consumer and business credit services, completed its debt restructuring transaction with its preferred shareholders, in a transaction valued at

Preferred Shareholders acquires a minority stake in Citigroup Inc Preferred Shareholders acquires a minority stake in  Citigroup IncJul 23, 2009

US - Citigroup Inc (Citi), a provider of financial services such as insurance, investment and mortgage banking, securities brokerage, investment management, and consumer and business credit services, completed its debt restructuring transaction with its preferred shareholders, in a transaction valued at

Zhuhai Zhongfu Entrp Co Ltd acquires Chengdu Zhongfu Jiaogai-Asts from Citigroup Inc (pending) Zhuhai Zhongfu Entrp Co Ltd acquires  Chengdu Zhongfu Jiaogai-Asts from Citigroup Inc (pending)Jul 23, 2009

CHINA - Zhuhai Zhongfu Enterprise Co Ltd (Zhongfu Enterprise) agreed to acquire the assets of Chengdu Zhongfu Jiaogai Co Ltd, a manufacturer of packaging products and a ##:## joint venture between Beverage Packaging (HK) Co Ltd (Beverage Packaging) and its

Zhuhai Zhongfu Entrp Co Ltd acquires Shenyang Zhongfu Jiaogai-Asts from Citigroup Inc (pending) Zhuhai Zhongfu Entrp Co Ltd acquires  Shenyang Zhongfu Jiaogai-Asts from Citigroup Inc (pending)Jul 23, 2009

CHINA - Zhuhai Zhongfu Enterprise Co Ltd (Zhongfu Enterprise) agreed to acquire the assets of Shenyang Zhongfu Jiaogai Co Ltd, a manufacturer of packaging products and a ##:## joint venture between Beverage Packaging (HK) Co Ltd (Beverage Packaging) and its

Zhuhai Zhongfu Entrp Co Ltd acquires Zhuhai Zhongyue Paper Cup from Citigroup Inc (pending) Zhuhai Zhongfu Entrp Co Ltd acquires  Zhuhai Zhongyue Paper Cup from Citigroup Inc (pending)Jul 23, 2009

CHINA - Zhuhai Zhongfu Enterprise Co Ltd (Zhongfu Enterprise) agreed to acquire the entire share capital of Zhuhai Zhongyue Paper Cup Container Co Ltd, a manufacturer and wholesaler of paper cup container, from Beverage Packaging (HK) Co Ltd, a wholly-owned

Citigroup Inc. M&A Summary


Citigroup Inc. has made 298 acquisitions while taking stakes in 209 companies. Citigroup Inc. has 355 divestitures during this period.
YearAcquisitionsStakesDivestitures
20092413
2008101524
2007292211
2006191811
2005201014
200419158
2003979
20029713
200111916
2000211713
1999111216
1998131115
199791019
199681212
19958314
19942119
19934322
19924117
19917715
19901239
19891149
198812813
19871348
19868112
19851037
1984613
1983618
1982504
1981001
Total298209355

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