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Prince Alwaleed to up stake in Citi
- Saudi Arabia: Saturday, November 22 - 2008 at 12:02
Saudi Prince Alwaleed bin Talal plans to increase his stake to 5% from less than 4%, while Citigroup continues to stumble, Reuters has reported. The Saudi prince has said the bank's shares were 'dramatically undervalued' following a nearly 90% plunge since late 2006.
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