Grupo Ficohsa to Buy Citigroup's Businesses in Nicaragua

Skadden is advising Citigroup Inc. on its sale of Banco Citibank de Nicaragua, S.A. and Cititarjetas de Nicaragua, S.A. to Grupo Financiero Ficohsa S.A., announced March 26. The firm also represented Citigroup in the 2014 sale of its Honduras-based consumer credit card and retail banking business, Banco Citibank de Honduras, S.A. and Cititarjetas de Honduras, S.A., to Banco Financiera Comercial Hondureña, S.A.