Wednesday 26 May 2010

Qatar Interested in Part of U.S.’s Stake in Citigroup, FT Says - BusinessWeek


Qatar Investment Authority has expressed interest in buying some of the shares held by the U.S. government in Citigroup Inc., the Financial Times reported, citing people familiar with the matter.

A deal would depend on price, market conditions and the government’s willingness to sell its shares to a sovereign wealth fund at a discount, the newspaper said.

The first portion of shares to be sold by the government may be completed within days, the FT said.

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