Update on Citigroup possible divestments

There are a couple of updates on last week's speculation that Citigroup Inc. may sell its German retail operations unit, Citibank Deutschland, within the next few months.

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First, Deutsche Bank AG, which is the oft-named bidder for Citigroup Deutschland, is set to raise €9 billion ($14 billion) to finance acquisitions. Additionally, Deutsche Bank's Juergen Fitschen confirmed that the German bank is interested in acquiring parts of Citigroup's German operations if they are indeed up for sale, according to a Forbes story. However, Deutsche Bank's shopping list may not be limited to Citibank Deutschland, but may also include Duetsche Postbank AG, according to a Times of London story.

Also, Citigroup may sell its Citigroup India commercial vehicle finance business unit, according to India's NDTV Profit. - Maria Woehr

See Dealscape: Bove interview: Citigroup may sell to Deutsche Bank
See Dealscape: Citigroup may sell unit to Deutsche Bank

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