ADIA Reviewing its Citigroup Investment
Posted on 03/01/2009
The Abu Dhabi Investment Authority (ADIA) is assessing its infamous US$ 7.5 billion investment in Citigroup as the bank’s problems deepen and consequences of a possible nationalization become clearer. ADIA made the investment through convertible bonds that pay 11% in interest, but it must start converting the bonds into 235.6 million shares in Citigroup from […]
