Banco Santander Rio S.A. (BASE:BRIO) entered into a definitive agreement to acquire consumer banking business in Argentina from Citigroup Inc. (NYSE:C) on October 9, 2016. Citi's consumer banking operations in Argentina will continue to operate in the ordinary course through the transition to Banco Santander Rio. The transaction is subject to regulatory approvals. Citigroup does not expect the financial terms of the transaction to be material to its earnings. MBA Lazard acted as financial advisor for Banco Santander Rio S.A. Paola Lozano, Stuart Finkelstein and Brian Krause of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisors for Citigroup Inc. Credit Suisse International acted as financial advisor to Banco Santander Rio S.A. (BASE:BRIO). Citigroup Inc self advised itself. David Mercado, Christopher K. Fargo, Jennifer S. Conway, David J. Kappos and John D. Buretta of Cravath, Swaine & Moore LLP acted as legal advisor to Banco Santander Rio S.A. (BASE:BRIO).