Arbitration Panel Sides with Citigroup Over ADIA Dispute
Posted on 11/05/2011
The Abu Dhabi Investment Authority (ADIA) invested in Citigroup during the subprime crisis. In November 2007, ADIA agreed to invest US$ 7.5 billion into Citigroup. Recently, ADIA ended up converting their final tranche of equity units into 5.9 million shares of common stock. With all this being said, this is another occurrence for sovereign wealth […]
