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Citi Announces Sale of Credicard to Banco Itaú Unibanco

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NEW YORK--(BUSINESS WIRE)--Citi Brazil announced today that it has reached a definitive agreement with Banco Itaú Unibanco to sell Credicard, its non-banking credit card and consumer finance business, subject to approval by Brazilian regulatory authorities. “Brazil is a very important growth market and is an essential part of Citi's Latin American footprint and global network. This transaction demonstrates how we are finding ways to optimize our businesses and focus on specific segments in the e

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