Citigroup raises $984.8 mln in Redecard share sale

SAO PAULO, March 24 (Reuters) - Citigroup (C.N) raised 2.21 billion reais ($984.8 million) from the sale of a stake in Redecard (RDCD3.SA), the Brazilian credit card processing company said in a securities filing on Tuesday.

The New York-based bank sold 90.32 million shares at a price of 24.5 reais each, Redecard said. ($1 = 2.244 reais) (Reporting by Elzio Barreto; editing by Richard Chang)