DBS to announce purchase of Citi's Taiwan consumer business -sources

Singapore's DBS Group (OTC:DBSDY) will announce on Friday it is to buy Citigroup (NYSE:C)'s consumer finance business in Taiwan, two sources familiar with the matter told Reuters on Thursday.
DBS and Citi declined to comment.
The sources, who spoke on condition of anonymity as they were not authorised to speak to the media, did not provide any further details.
The Wall Street Journal reported this month that the sale could be valued at up to $2.2 billion.
Citi announced last year that it would exit retail operations in 10 markets in Asia as it refocuses on its more lucrative institutional and wealth management businesses.