'Citigroup' ready to recover the loan that made to 'Revlon'

The bank made an accidental transfer in 2020 of 500 million dollars to 10 lenders of 'Revlon'

13 of December of 2022
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Citigroup and Revlon
Citigroup and Revlon

In a trial that has been going on for more than two years and is facing Citigroup and Revlon, he is about to see the light of day. The bigger company of financial services of the world with headquarters in New York loaned of mistaken way 500 million euros to 10 lenders of 'Revlon' in August of the year 2020. This money used by part of the giant of the American cosmetic to pay a loan of 894 million dollars of hasty way.

As it indicates the agency of news 'Reuters', Citigroup made of mistaken way transfers to different owners. Some, gave back this capital. The 10 lenders of 'Revlon', refused to do his return because they affirmed that it was a payment that belonged them.

'Citigroup' Will recover finally his money after more than two years of judicial process against 'Brigade Main Management', 'HPS Investment Partners', 'Symphony Asset Management', among others, that would be agreeing the date of return of the payments.

The Monday 5 December, the bank and some of the lenders communicated in front of the federal court that were prepared to sign an agreement of litigación