7/2/2010

The Treasury Department sold 1.1 billion shares of Citigroup stock, bringing its total sales to 2.6 billion shares and reducing its stake in the bank to about 18%. The latest sale brings the government's profit from selling Citigroup shares to more than $2 billion. "We are pleased that Treasury has profitably sold a third of its common shares in Citi, adding to the substantial return for taxpayers realized last year," said Jon Diat, a Citigroup spokesman.

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