Citigroup Citi’s U.S. Consumer Cards Business Announced That It Has Entered Into An Agreement To Acquire Kard Financial

Aug. 13 (Reuters) - Citigroup Inc. C.N:

• Citi’s U.S. consumer cards business announced that it has entered into an agreement to acquire Kard Financial, Inc.
• Terms of the transaction were not disclosed and are not material to Citi’s financial results.
• The Kard platform is expected to enable Citi personalized credit card rewards and merchant engagement.

Further company coverage: C.N