Citigroup (C.N) has agreed to sell a portfolio of private equity assets to Axa (AXAF.PA) Private Equity for $1.7 billion, the French insurer said on Wednesday. The portfolio comprises 207 stakes in various takeover funds as well as some direct stakes in companies, Axa said, adding that Citi -- which has been looking to focus on its core businesses -- was financing the purchase.
Citigroup Inc. (Citigroup) is a global diversified financial services holding company. Shares of C remained unchanged at $37.58. In the past year, the shares have traded as low as $36.20 and as high as $51.50. On average, 40175500 shares of C exchange hands on a given day and today's volume is recorded at 0.
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