Santander Brasil considers Citigroup unit as part of M&A strategy
RIO DE JANEIRO, March 16 (Reuters) - Banco Santander Brasil SA is looking at all possible acquisition alternatives to grow in the country, including Citigroup Inc's local unit, which was recently put up for sale, a senior executive said on Wednesday.
Santander Brasil, the local unit of Spain's Banco Santander SA, is interested in growing inorganically in segments like banking for wealthy clients, senior vice president Conrado Engel said at an event with investors in Rio de Janeiro. (Reporting by Juliana Schincariol; Writing by Guillermo Parra-Bernal; Editing by Leslie Adler)
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