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Argentina's ministry of commerce OKs Santander Río's purchase of Citi unit

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Argentina's ministry of commerce OKs Santander Río's purchase of Citi unit

Argentina's ministry of commerce has approved Banco Santander Río SA's acquisition of Citibank NA Sucursal establecida en la República Argentina, according to an Oct. 4 regulatory filing.

The deal involves assets from Citibank Argentina's retail banking operations totaling $1.4 billion.