| 07.12.2009 - Kuwait SWF says sells $4.1bln Citigroup stake, makes $1.1bln profit |
| From Zawya Dow Jones: The Kuwait Investment Authority, the Gulf country's sovereign wealth fund, said Sunday it sold a $4.1 billion stake in Citigroup Inc. making a profit on the deal. The fund, also known as the KIA, said it made a $1.1 billion profit from the sale, or a 36.7% return on its investment, according to an emailed statement..................................Full Article: Source |