Nov. 26, 2007
Citigroup, seeking to restore investor confidence, is receiving a $7.5 billion cash infusion from the investment arm of the Abu Dhabi government.
As a result of the deal, the investment authority known as ADIA will become one of Citigroup's largest shareholders, with a stake of less than 5%. The stake will exceed that of Saudi Prince Alwaleed bin Talal, long known as one of Citigroup's largest shareholders.
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