Entries tagged "Itinere Infraestructuras"
Citigroup Inc. made a failed attempt to run the Pennsylvania Turnpike. Now an affiliate of the downtrodden financial company on Monday agreed to pay €7.9 billion ($10.2 billion) for Spanish highway-operating firm Itinere Infraestructuras SA. Some say the deal -- if it does goes through -- is a bonanza for Citigroup because of the supposed bargain price for the target, while others warn it maybe a financial dead end -- the kind of deal that has put Citigroup in its precarious situation, culminating in the New York bank crawling to the U.S. government for a bailout....
