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| Citigroup sells private equity unit |
| [Jul 08,2010] | Source: Times Of Oman |
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 NEW YORK: Citigroup Inc has agreed to sell its private equity unit to Lexington Partners for more than $900 million, PE Hub said on Wednesday, citing multiple sources. StepStone Group will provide management services for the unit, according to the report. The sale would mark another step in Citigroup's efforts to unload its unwanted assets from its Citi Holdings repository. It includes Citigroup's stakes in bank-branded funds-of-funds, mezzanine and co-investment vehicles, PE Hub reported. Citigroup sold the portfolio ... [full story] |
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| ICBC to follow AgBank in dash for cash |
| [Jul 08,2010] | Source: Times Of Oman |
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 HONG KONG/SHANGHAI: ICBC, the world's most valuable lender, aims to tap investors for up to $6.6 billion, sources said, a day after Agricultural Bank of China priced what is set ... [full story] |
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