Citi looks to sell $500m of private equity holding

This is said to be in line with the banks efforts to dispose of non-core assets. The investments include stakes in several companies owned by CVC and portions of funds managed by the private equity firm. It is believed that an improvement in credit markets has increased interest in the assets.

The CVC investments are part of a $2bn portfolio of private equity investments housed in Citi Holdings. Citigroup has nearly halved the assets in Citi Holdings, to $421bn in assets at the end of Q3, since the beginning of 2008.

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