News: Deals: Reports

Citigroup Inc & Government of Singapore Investment Corp Pte Ltd{GIC}	Update Date: 06/19/08
Date Announced: 01/15/08
Value (million $USD): 6.88 billion U.S. Dollar

Status: Pending

TRANSACTION DETAILS
Date Announced	01/15/08
Date Originally Announced	01/15/08
Format	Acq. Part. Int.	Acquisition techniques	Privately Negotiated Purc
Attitude	Friendly	Agency	n/a
Value	6.88 billion U.S. Dollar	Advisor Fees	n/a

SYNOPSIS
US - The state-owned Government of Singapore Investment Authority planned to acquire preferred shares convertible into an estimated 4% stake in Citigroup Inc, a provider of financial services, for $6.88 bil, in a privately negotiated transaction.

TARGET
Name	Citigroup Inc (C)
Industries	Security brokers, dealers, and flotation companies; Mortgage bankers and loan correspondents; Life insurance; Accidental and health insurance; Fire, marine, and casualty insurance; Investment advice; Management investment offices, open-end; Personal credit institutions; Short-term business credit institutions; Misc business credit; Offices of holding companies, nec
City	New York
State	NY
Nation	United States
Incorporated in	DE
Public Status	Public
Business Description	Citigroup Inc, based in New York, provides financial services such as insurance, investment and mortgage banking, securities brokerage, investment management, and consumer and business credit services. The company, established in 1988, is also a holding company for banks. The company's major brand names in its diverse portfolio include Citi Cards, CitiFinancial, CitiMortgage, CitiInsurance, Primerica, Diners Club, Citi Private Bank, and CitiCapital.
Advisors	Citi
Target Sales	159.23 billion U.S. Dollar

ACQUIROR
Name	Government of Singapore Investment Corp Pte Ltd{GIC}
Industries	n/a
City	Singapore
State	n/a
Nation	Singapore
Incorporated in	n/a
Public Status	Government
Business Description	Government of Singapore Investment Corp Pte Ltd {GIC}, is a sovereign wealth fund, based in Singapore. It provides investment management services to handle the country's foreign reserves. It invests internationally in equities, fixed income, foreign exchange, commodities, money markets, alternative investments, real estate and private equity. The company was founded in 1981.
Advisors	NULL
Acquiror Sales	n/a

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