Citigroup Global Markets
Citigroup will sell remaining Primerica stakePosted by RJ and Makay on Dec 14, 2011 |
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Citigroup will sell the last of its remaining Primerica shares in a public offering, ending a longstanding relationship with the insurance company that it took public last year in a spinoff, Citigroup announced. Primerica, which is now partly owned by private equity firm Warburg Pincus, said that Citigroup would sell about 8 million Primerica shares in the offering, raising about $180 million.
