[lbo-talk] Abu Dhabi gives Citi a hot beef injection

Doug Henwood DHENWOOD at PANIX.COM
Mon Nov 26 18:50:26 PST 2007


NEWS ALERT from The Wall Street Journal

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.

For more information, please see: http://online.wsj.com/article/ SB119613039399104832.html?mod=djemalert



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