US Treasury Completes Sale of 1.1B Citigroup Shares

The U.S. government on Thursday said it had completed the sale of 4.3 billion dollars' worth of shares in Citigroup, and would continue to sell the remaining stake.

The U.S. Treasury had sold 1.5 billion Citigroup shares worth 6.2 billion dollars in April, the first move to recoup taxpayer dollars by winding up investments that were designed to aid once the world's biggest banking group at the depths of the crisis.

So far the Treasury has sold a total of 2.6 billion shares of Citigroup, about one third of its holdings.

The Treasury still owns 5.1 billion shares in Citigroup.