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Reply #4: His one man crusade looking to OPEC to bail out the economy continues.... [View All]

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ohio2007 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-15-08 07:56 AM
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4. His one man crusade looking to OPEC to bail out the economy continues....



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The $12.5 billion investment from outside investors included $6.88 billion from the Government of Singapore Investment Corp. for a 4 percent stake. Other investors were Capital Research Global Investors, Capital World Investors, the Kuwait Investment Authority, the New Jersey Division of Investment, shareholder Prince Alwaleed bin Talal of Saudi Arabia and former chief executive Sanford Weill and his family foundation.

The $12.5 billion adds to the $7.5 billion that Citi got in November from the Abu Dhabi Investment Authority in exchange for a 4.9 percent stake in the company.

The moves were widely anticipated on Wall Street after months of scrutiny over the bank's ratio of cash to debt.
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http://biz.yahoo.com/ap/080115/citigroup.html?.v=2
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