{"id":299062,"date":"2011-12-13T09:10:00","date_gmt":"2011-12-13T14:10:00","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/uncategorized\/citigroup-to-sell-remaining-stake-in-primerica\/"},"modified":"2011-12-13T09:10:00","modified_gmt":"2011-12-13T14:10:00","slug":"citigroup-to-sell-remaining-stake-in-primerica","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/industry-news\/citigroup-to-sell-remaining-stake-in-primerica\/","title":{"rendered":"Citigroup to sell remaining stake in Primerica"},"content":{"rendered":"<p>\n\tU.S. banking giant Citigroup Inc. is selling its remaining stake in insurance firm Primerica, Inc.<\/p>\n<p>\n\tPrimerica said Tuesday that Citigroup has commenced a public offering of approximately 8 million shares of Primerica&#8217;s common stock, representing all of the remaining shares owned by Citigroup.<\/p>\n<p>\n\tBack on November 1, Citigroup cut its stake in half, with Primerica buying back almost 9 million shares for about US$200 million. Primerica went public in March 2010, as part of Citigroup shedding non-core assets.<\/p>\n<p>\n\tA subsidiary of Citigroup will receive all of the net proceeds from the latest offering and Citigroup Global Markets Inc. will act as solebook-running manager for the offering.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank has commenced a public offering of 8 million shares of Primerica\u2019s common stock<\/p>\n","protected":false},"author":38954,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2318],"tags":[2647],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/299062"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/38954"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=299062"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/299062\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=299062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=299062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=299062"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=299062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}