The Wall Street Journal | 9/30/2009 12:00:00 AM
Citigroup Sells Colombia Pension Fund To Private Equity Funds
Sept 30--Citigroup SA (C) Tuesday said it reached an agreement to sell its Colombian pension fund Citi Colfondos to a group of private equity funds.
"The transaction is not expected to have a material impact on Citi's net income," the statement said.
The companies didn't disclose the cost of the operation.
The group of buyers is led by local, closely held investment firm Grupo Colpatria SA, New York-based equity fund Palmfund Management LLC and private equity fund Linzor Capital Partners.
Read more here.
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