Abu Dhabi to Bolster Citigroup With $7.5 Billion Capital Infusion

November 27th, 2007 by GoldSilver | Posted in Economic News |

Government Investment Arm To Become a Top Holder, With Up to a 4.9% Stake

Citigroup Inc., seeking to restore investor confidence amid massive losses due in credit markets and a lack of permanent leadership, is receiving a $7.5 billion capital infusion from the investment arm of the Abu Dhabi government. The investment by the Abu Dhabi Investment Authority will help rebuild Citigroup’s capital levels, which have been eroded by a credit crunch that began in the summer.

  • To read the full article, click the highlighted text in the body of this message.
  • To see more blog entries, click here.
  • To post your comments about this article, please see below.

You must be logged in to post a comment.