US Treasury begins sale of Citigroup <C.N> stake

WASHINGTON, April 26 (BestGrowthStock) – The U.S. Treasury said on
Monday it was launching its plan to sell off its 7.7 billion
share stake in Citigroup in an orderly manner.

The Treasury said in a statement it had given Morgan
Stanley discretionary authority to sell up to 1.5 billion
common shares under certain parameters set out in a
pre-arranged written trading plan.

The Treasury said it expected to provide Morgan Stanley
with the authority to sell more shares after the initial
amount.
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(Editing by Theodore d’Afflisio)
(Reporting by David Lawder, 1 202 898 8395))

US Treasury begins sale of Citigroup <C.N> stake