DeFiGrayling

Citi Secures Internal Authorization To Divest Russian Operations To Renaissance Capital
Citi has finalized its internal clearance to advance with the divestiture of AO Citibank, marking the conclusion of the financial institution's operational footprint in Russia. Renaissance Capital is poised to acquire the Russian subsidiary, with transaction closure anticipated within the first half of 2026, contingent upon obtaining regulatory approvals and fulfilling standard closing conditions.
The authorization triggers a pre-tax loss allocation in the fourth quarter of 2025, predominantly stemming from

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