US may sell its 34 pct Citigroup stake, aims to finish by spring 2010 – report

September 15, 2009

Sept 14 (Reuters) – The United States is exploring selling stock acquired in Citigroup Inc rescue, Bloomberg news reported, citing people familiar with the matter.
The report said the Treasury Department and Citigroup have begun talks on how government could sell the 34 percent stake. The Treasury Department may start unloading the stake as soon as October, and complete the process within the next 6-8 months, the report said.

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