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KIA sells Citigroup stake

The Kuwait Investment Authority (KIA), the oil state’s sovereign…

December 6, 2009 4:41 by



The Kuwait Investment Authority (KIA), Kuwait’s sovereign wealth fund, has sold its stake in US bank Citigroup for $1.1 billion, Al Arabiya TV reported on Sunday.

KIA made a 37 percent profit on its initial investment, the station said.



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