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Citigroup will sell assets investment of private capital strategic.

New York, July 13 .- The financial institution Citigroup announced today that it will divest the ownership and management of various funds for private equity investments ("equity privaty), part of its strategy to reduce non-essential assets considered.

Citigroup said in a statement that it has closed a definitive agreement with private firms and Lexington Partners StepStone Group to transfer the management and part ownership, buy kinah aion, of some funds, without disclosing the financial terms of the agreement.

The financial institution provides that the operation is completed in the fourth quarter of this year and pointed out that part of its plan to reduce the assets and business included in Citi Holdings, which groups together the activities considered non-essential from a strategic standpoint.

Citigroup estimates, tera gold, that this transaction will reduce its assets at about 1,100 million dollars and provides that a "significant number" of professionals who manage the funds involved in the operation join StepStone and Lexington.

Following the 2008 financial crisis in the U.S., Citigroup decided early next year reorganized into two entities: Citicorp, which includes traditional banking activities, and Citi Holdings, which includes assets with higher risk, sto energy credits, and others who considered not essential for your business.

Citigroup was one of more U.S. institutions hit by financial crisis and need an injection of 45,000 million dollars of public funds to survive.

The next Friday to submit their results for the second quarter of this year.

The period from January to March, we close with a profit of 4,428 million dollars, more than 177% a year earlier, which allowed him to return to profitability, after making negative finish the last quarter of 2009.

Citigroup shares are revalued to 3.16% today, the average session on the New York Stock Exchange, to 4.24 dollars, and have gained 28.1% in value since the beginning of this year.

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