Citicorp plans to sell a 50% stake in Siembra, Argentina's fourth-largest private pension fund, to Spain's Corporacion Bancaria de Espana, also known as Argentaria.

Citicorp owns all of Siembra. Argentaria, Spain's third-largest bank, said it plans to pay around $280 million for the 50% stake.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.