Business ForumCiti to sell $7.5 bln stake to Abu Dhabi group at News Forum - Reuters - Citigroup Inc is selling up to 4.9 percent of itself for $7.5 billion to the investment arm of ...
Reuters - Citigroup Inc is selling up to 4.9 percent of itself for $7.5 billion to the investment arm of the Abu Dhabi government, giving the largest U.S. bank fresh capital as it wrestles with the subprime mortgage crisis and the resignation of its chief executive.
Guess they changed their mind about U.S. holdings... Dubai sells out of New York Thursday 27th December, 2007 - Dubai’s government owned investment firm, Dubai World, has sold a building at 230 Park Avenue, New York, for US$1.15 billion.
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The building was acquired for US$705 million in 2005. The Dubai government disposed of another property in New York US$1.35 billion last month to the Goldman Sachs Whitehall Fund.
Other real estate owned by Dubai World in the U.S includes 450 Lexington Avenue, The Mandarin Oriental Hotel and the Knickerbocker on Times Square.
Citi to sell $7.5 bln stake to Abu Dhabi group
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