Citigroup places 55 million Reuters shares

Citigroup said it placed 55 million shares in news and information group Reuters at 428 pence per share, raising £235 million. Reuters declined comment. A Citigroup spokesman said the placing represented about 4.3 per cent of Reuters shares in...

Citigroup said it placed 55 million shares in news and information group Reuters at 428 pence per share, raising £235 million.

Reuters declined comment. A Citigroup spokesman said the placing represented about 4.3 per cent of Reuters shares in issue.

Reuters shares closed 2.5 per cent lower at 430.5 pence and were the third-biggest loser in the FTSE 100 index.

Sign up to our free newsletters

Get the best updates straight to your inbox:

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.