SWF Radar ADIA backing Citigroup to ride out subprime storm

ADIA backing Citigroup to ride out subprime storm

Posted by Editor on July 02, 2008 at 04:18 PM

The National reports that, “The Abu Dhabi Investment Authority (Adia) is backing Citigroup to ride out the subprime storm, despite its 44 per cent loss since taking a US$7.5 billion (Dh27.5bn) stake in the world’s largest bank in November, an Abu Dhabi investment fund manager said yesterday.”

Tags: ADIA, Citigroup

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