Our Sponsors

  • Citigroup Inc. (NYSE:C) - to Sell $500m of Private Equity Holdings with CVC

    Citibank logo
    Tuesday Nov. 2, 2010 at 10:49 pm EST
     
    Citigroup Inc. (NYSE:C) to Sell $500m of Private Equity Holdings with CVC
    Sign up for Daily alerts if you haven't done it yet. 
    Citigroup is interested in selling $500m of private equity investments it made with the buy-out group CVC Partners in its latest effort to get rid of its non-core assets and refocus on businesses that benefit clients. According to Financial Times, People close to the situation said the lender was sounding out potential buyers for the investments, which include stakes in several companies bought by CVC and portions of funds managed by the London-based buy-out group.
    The CVC investments are part of a portfolio of about $2bn in private equity investments housed in Citi Holdings – the unit that contains the company’s non-core assets and businesses. Last week, Citi sold a portfolio of buy-out investments to Lexington Partners.
    Shares of Citigroup Inc. closed at $4.17 on Thursday at resistance level of $4.25. The resistance levels above are at $4.41 and $4.98. The support levels below are at $4.09, $3.92, $3.83, $3.7.
    Related Articles:

0 comments:

Leave a Reply

Latest Posts