April 4, 2011 / 12:42 AM / 9 years ago

Citi consumer group gets at least 3 bids - FT

PHILADELPHIA, April 3 (Reuters) - At least three groups of private equity firms have submitted bids for Citigroup Inc’s consumer finance business, but another round of bidding is expected, according to The Financial Times.

One bidding group consisted of Blackstone Group , Carlyle and Brysam Global Partners, the newspaper said in its electronic edition.

A second group consisted of Clayton Dubilier & Rice and Onyx, while a third group included JC Flowers and Apollo Management, the newspaper said.

Citigroup was not immediately available to comment. (Reporting by Jessica Hall; Editing by Dhara Ranasinghe) (For more M&A news and our DealZone blog, go to here)

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