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From: The Washington Times | April 27, 2010
TREASURY Plans released for Citigroup sale The Treasury Department said Monday that it plans to sell up to 1.5 billion shares of Citigroup stock, its latest move to unwind the support it provided big banks during the financial crisis. The sales, which amount to about 20 percent of the government's ownership stake, could begin as soon as Monday, according to a person familiar with the transaction. The person wasn't authorized to speak on the record about the deal. The government received about 7.7 billion shares, or a 27 percent ownership stake, as compensation for the massive support it extended to ...
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