November 27, 2007

Citigroup to sell $7.5 billion stake to Abu Dhabi (Reuters)

The Citigroup sign is seen outside the Citigroup Center in New York, October 1, 2007. (Shannon Stapleton - UNITED STATES/Reuters)Reuters – Citigroup Inc is selling
up to 4.9 percent of itself for $7.5 billion to the Gulf Arab
emirate of Abu Dhabi, giving the largest U.S. bank fresh
capital as it wrestles with the subprime mortgage crisis and a
search for a new chief executive.

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