The following corporate finance-related stories were reported in newspapers and other media on Wednesday: * Citigroup Inc (C.N) will sell a $1.7 billion portfolio of private-equity assets to European takeover firm AXA Private Equity as the U.S. bank looks to focus on its core businesses, the Wall Street Journal reported, citing people familiar with the matter. * Chilean airline LAN LAN.SN (LFL.N) now expects its takeover of Brazilian airline TAM to be finalized by next March, depending on the resolution of regulatory issues, LAN's chief executive said in a newspaper interview. * Nippon Steel Corp (5401.T) and Sumitomo Metal Industries Ltd (5405.T) will seek to combine under a new legal framework designed to make merger screenings faster and more transparent, the Nikkei business daily reported.
Citigroup Inc. (Citigroup) is a global diversified financial services holding company. Shares of C fell by 1.29% or $-0.49/share to $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 49810940.
Lan Airlines SA (LAN) is a Chile-based passenger airline and cargo operator. Shares of LFL fell by 0.04% or $-0.01/share to $28.08. In the past year, the shares have traded as low as $18.09 and as high as $32.68. On average, 355209 shares of LFL exchange hands on a given day and today's volume is recorded at 269097.
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