 Re: Latest Stock News
Citigroup to Sell $7.5 Billion in Equity Units to Abu Dhabi
2007-11-26 21:58 (New York)
By James Temple
Nov. 26 (Bloomberg) -- Citigroup Inc., the largest U.S.
bank, said it agreed to sell $7.5 billion of equity units to the
Abu Dhabi Investment Authority.
The units will convert into common shares, the New York-
based company said today in a press release distributed by
Business Wire. ADIA, the sovereign wealth fund of the government
of Abu Dhabi, has agreed not to own more than 4.9 percent of
Citigroup's common shares, according to the statement.
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