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Sovereign Wealth Funds Briefing - Categorized | Investment

US plays it safe, holds on to Citigroup stake

Posted on 09 December 2009

From Businessday.co.za: The Kuwait Investment Authority, the Gulf nation’s sovereign wealth fund, said this week it had sold its stake in Citigroup for 4,1 bn, earning a 1,1bn profit.

Citigroup shares fell to 4 in European trading yesterday, down 1,5% from their 4,06 close in New York trading on Friday. The shares have tumbled 47 % this year, paring Citigroup’s market value to about 92bn ……………………………..Full Article: Source

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