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Non-Tech : C (Citigroup)

C 100.23

+1.1%

3:59 PM EDT

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To: Shawn Donahue who wrote (209)	3/28/2006 10:26:43 AM
From: Lynn	Read Replies (1) of 259

Report: Citigroup Bidding for Turkish Bank Tuesday March 28, 9:35 am ET Citigroup May Offer More Than $5 Billion for Turkey's Finansbank, Report Says NEW YORK (AP) -- Citigroup Inc. is expected to make a bid for Turkey's Finansbank on Tuesday, according to a published report. The American financial conglomerate could offer more than $5 billion in cash for Finansbank, Turkey's eighth-largest bank by assets, according to The Wall Street Journal, which cited unnamed sources. Citigroup spokeswoman Leah Johnson said the bank would have no comment on the report. Finansbank is the subject of an auction run by Morgan Stanley. The only other bidder left is National Bank of Greece. It is expected to submit its bid Tuesday along with Citigroup, the newspaper said. Citigroup's last major bank deal was the 2004 acquisition of South Korea's KorAm Bank. Its shares fell 11 cents to $47.53 in early trading on the New York Stock Exchange. citigroup.com finansbank.com biz.yahoo.com

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