Citigroup Inc (C.N)
28 Mar 2017
Latest Key Developments (Source: Significant Developments)
Italian dairy group Parmalat: Amber Capital reiterates won't tender shares in Parmalat despite Lactalis raising buyout offer price to 3 euros a share . Decision to raise bid price is "small step in right direction but there is still a long way to go" . Parmalat shares could be worth between 3.8 and 4.5 euros each including possible cash-in from a lawsuit with Citigroup Further company coverage: [PLT.MI] (Reporting by Milan Newsroom). Full Article
Competition Commission: Reaches settlement with Citibank N.A. For colluding . Has filed with competition tribunal a settlement agreement reached with Citibank N.A. For being part of forex trading cartel . Citibank N.A. will pay an administrative penalty of R69,500,860 . Citibank N.A. undertook to cooperate with commission and avail witnesses to assist prosecution of other banks that colluded in this matter Further company coverage: [C.N] (Bengaluru Newsroom: +91 806 749 1136). Full Article
Citigroup Inc has prevailed in the latest arbitration pursued by Abu Dhabi Investment Authority over the sovereign wealth fund's $7.5 billion investment in 2007 to shore up the then-struggling bank during the subprime mortgage meltdown.