Citi secures internal approval for sale of Russian business to RenCap
Citi has received internal approval to proceed with the sale of AO Citibank, which manages Citi’s remaining business in Russia, to Renaissance Capital (RenCap). The AO Citibank Russia sale approval marks a step towards the anticipated signing and closure of the transaction in the first half of 2026, subject to regulatory clearance and other conditions. … Read more