Citigroup Sells Stake in Turkey's Akbank for $1.2 Billion -- Update
By Chelsey Dulaney Citigroup Inc. said Thursday that it has sold its 9.9% stake in Turkey's Akbank T.A.S. for about $1.2 billion, the latest move by the big U.S. bank to ratchet back its international operations. Citigroup said it doesn't expect the sale to have a material impact on its finances.
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