Citigroup, eager to reduce the US government’s 34% stake, is devising plans for a possible multibillion-dollar stock offering in which the group would issue new shares to the public while the US Treasury would sell at least a portion of its Citi holdings, reports the WSJ. Bloomberg reports that Citi executives are already discussing the idea with the Treasury, which may start unloading the stake as soon as October with the aim of selling the holdings over the next 6-8 months.

This entry was posted by Gwen Robinson on Tuesday, September 15th, 2009 at 4:59 and is filed under Capital markets. Tagged with citi. Edit this entry.