Citigroup board approves sale of Russia unit, flags $1.2 billion loss
reut.rs/44LcDX1
Citigroup board approves sale of Russia unit, flags $1.2 billion loss
Citigroup on Monday said its board approved the sale of its Russian unit, AO Citibank, to Renaissance Capital, in a deal that will lead to a pre-tax loss of about $1.2 billion that is largely related to currency translation.
