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Kuwait fund sells $4.1 billion stake in Citigroup

Kuwait fund sells $4.1 billion stake in Citigroup

Kuwait's sovereign wealth fund on Sunday said it has sold a $4.1 billion stake in Citigroup, according to a news report. The Kuwait Investment Authority said it made a profit of $1.1 billion from the sale, or a 36.7% return on the investment, Dow Jones Newswires reported, citing an emailed statement ...

 

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