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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (26974)12/29/2007 9:42:09 AM
From: elmatador  Respond to of 217842
 
Citigroup Inc. may sell its stake in the company, facilitating a merger with Brazil's biggest phone service.

Brasil Telecom Participacoes SA gained 4.1 percent, the most in a week, on speculation Citigroup Inc. may sell its stake in the company, facilitating a merger with Brazil's biggest phone service.

Citigroup, the biggest U.S. bank, may sell four businesses including its stake in Brazilian credit-card company Redecard SA to rebuild its capital, the Wall Street Journal reported today.

bloomberg.com

Very juicy year this 2008