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Citi not selling Akbank stake: source

NEW YORK
Fri Nov 21, 2008 7:11pm EST

NEW YORK (Reuters) - Citigroup Inc is not planning on selling its stake in Turkish lender Akbank, a source familiar with the situation said on Friday.

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Shares in Akbank earlier fell on reports that Citigroup may sell parts of the company. The company's shares closed down 3 percent at 3.48 lira.

Citigroup has a 20 percent stake in Akbank. (Reporting by Megan Davies)
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