UPDATE 1-Citigroup to sell Primerica shares to public
Published: 05 Nov 2009 17:38:27 PSTNEW YORK, Nov 5 - Citigroup Inc said on Thursday that it plans to sell shares of its Primerica Inc life insurance business to the public, as the bank looks to shed assets outside its main businesses.
Citigroup tried earlier this year to sell Primerica, an insurer that specializes in door-to-door sales, but failed to do so.
Most of Primerica's insurance risk from policies sold through the end of this year will be kept by Citigroup, according to Primerica's regulatory filing.
Go to Page
Page 1 of 1
1
Source:
Reuters
If you believe an article violates your rights or the rights of others, please contact us.
Digg
Reddit
Mixx it
FacebookRelated News
Most Read
- 1BYD Auto to expand into solar energy field
- 2AUTOSHOW-INTERVIEW-UPDATE 1-Changan Ford Mazda
- 3Entrepreneurblues
- 4Beyond The Anti-Virus Arms Race
- 5ANALYSIS-CFTC cautious on position limits, set
- 6Beware of phishing scams if you are using
- 7Help protect yourself from phishing scams and
- 8INTERVIEW-StanChart eyes $800 mln in renewable
- 9China Longyuan Power plans HK$17.5-bln HK IPO
- 10Xi'an to launch industrial zone
