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2007-11-29 — blogspot.com
"This week Citigroup, in exchange for Abu Dhabi's investment to buttress Citigroup's coffers, agreed to issue convertible preferred shares to the Middle Eastern sovereign wealth fund. The shares will convert to a 4.9% stake in the bank in about three years and Citigroup will pay Abu Dhabi an 11% interest rate in the interim."
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