Citi Makes Strategic Investment In Peru's Rextie; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Citigroup Inc. has made a strategic investment in Rextie, a Peruvian fintech company. The terms of the deal were not disclosed.
August 24, 2023 | 11:02 am
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Citigroup's investment in Rextie could potentially expand its presence in the fintech sector and in Peru. The impact on the stock price is uncertain due to undisclosed terms.
Citigroup's investment in Rextie indicates a strategic move to expand in the fintech sector and in Peru. However, without the terms of the deal, it's difficult to assess the immediate impact on Citigroup's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100