Citi to sell Phibro
What's the best way to deal with the political controversy over the $100 million man at Phibro, the energy outfit owned by Citi (C)? Citi may have decided that selling it outright is the least bad option. Citi also thought about partial sales but decided a complete divestment was best. But no deal appears to be on the horizon, though some preliminary talks have been held, reports the Financial Times. Article
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