| From Am Law Daily: Almost two years after pumping $3 billion into Citigroup as part of a $12.5 billion investment aimed at propping up the ailing banking giant, the Kuwait Investment Authority is cashing out.
The KIA, the sovereign wealth fund of Kuwait, announced on Sunday that it had sold its stake of preferred Citi shares for $4.1 billion after converting them to common stock. The $1.1 billion profit works out to a gain of nearly 37 percent on KIA's January 2008 investment...................................Full Article: Source
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