US futures now just up another 40points
Up 115 points on IG Markets!
Think this is why:
Citigroup to Sell $7.5 Billion in Equity Units to Abu Dhabi
By James Temple
Nov. 26 (Bloomberg) -- Citigroup Inc., the largest U.S. bank, said it agreed to sell $7.5 billion of equity units to the Abu Dhabi Investment Authority.
The units will convert into common shares, the New York- based company said today in a press release distributed by Business Wire. ADIA, the sovereign wealth fund of the government of Abu Dhabi, has agreed not to own more than 4.9 percent of Citigroup's common shares, according to the statement.
To contact the reporter on this story: James Temple in San Francisco at [email protected]
US futures now just up another 40pointsUp 115 points on IG...
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