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Sovereign Wealth Funds Briefing - Categorized | Investment

GIC: Citigroup stake to be diluted to about 4pct after Citi offering

Posted on 18 December 2009

From Dow Jones: Government of Singapore Investment Corp., or GIC, said Friday that its stake in Citigroup Inc. (C) will be reduced to about 4% from 4.9% after the latest round of capital raising by the U.S. bank.

“GIC will continue its investment in Citigroup as we are confident of its long-term prospects,” GIC spokeswoman Jennifer Lewis said in a statement………………………………..Full Article: Source

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