Citigroup acquires loss-making Internet bank Egg from Prudential

Sushubh

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Oct 29, 2004
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Citigroup acquires loss-making Internet bank Egg from Prudential
UK based Prudential has announced that they are selling off their loss-making Internet bank Egg to U.S. giant Citigroup.
The deal is worth around 575 million pound and this is good news for the investors in the company.
Market analysts believe that this sale would further increase the pressure on [...]

http://business.techwhack.co/1784/citigroup-egg-prudential/