Report: Citigroup May Sell CVC Investments
Citigroup may sell $570 million of investments with buyout firm CVC Capital Partners.
NEW YORK (
) --
Citigroup
(C) - Get Report
may sell $570 million of investments with buyout firm CVC Capital Partners,
according to a report by Bloomberg.
The report says that Citigroup is selling $250 million of interests in two Asia funds and $21 million in a European fund.
As part of its effort to trim down Citigroup could also sell stakes in over a dozen companies that it co-invested in along with CVC.
A Citigroup spokesperson declined comment on the story.
--Written by Maria Woehr in New York.
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