Caselex spotlight

Merger control highlights

Merger between

National Australia Bank Limited | Citigroup Pty Limited

Banks, Funds & Investment Management
November 25, 2021

The Australian Competition and Consumer Commission cleared a transfer of assets from Citigroup Pty Limited to National Australia Bank Limited in the markets for (i) the supply of credit cards, including types of credit cards (e.g. low rate, low fee, rewards), (ii) the supply of personal loans, (iii) the supply of wealth management and investment products, (iv) the supply of transaction and savings accounts and (v) the supply of home loans.

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