Acquisition

RNS Number : 5126J

Barclays PLC

31 March 2010

 



 31 March 2010

BARCLAYS PLC

Barclays completes acquisition of Citi's Italian credit card business

Barclays Bank PLC has completed the acquisition of the Italian credit card business of Citibank International Bank plc ("Citi"), which was initially announced on 11 February 2010, following receipt of competition clearance and completion of the trade union consultation.

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For further information, please contact:

Barclays

Investor Relations                                                             Media Relations  

Stephen Jones                                                                    Alistair Smith

[phone]                                                           [phone]

Barclays Italy

Media Relations  

Maria Mercurio

[phone]

Citi

Public Affairs Officer Citi Italy                                           Director of Communications EMEA

Andrea Legnani                                                                   Adam Castellani

[phone]                                                                [phone]

[phone]

[e-mail]

About Barclays PLC

Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management with an extensive international presence in Europe, the United States, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs 144,200 people. Barclays moves, lends, invests and protects money for 48 million customers and clients worldwide. For further information about Barclays, please visit our website www.barclays.com.

About Barclays Italy

Barclays has been present in Italy since 1990 through Woolwich, Barclays mortgage arm. Since the establishment of retail operations three years ago, Barclays has hired over 1,000 employees and now operates through a network of more than 200 branches, 100 financial shops and with over 400 sales agents. Barclays continues to pursue growth and additional hiring in Italy.

About Citi

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.

 

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