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Citigroup Buys Online Egg Bank

TechNews_Bot
Tue 30 January 2007, 08:41 am GMT +0100
Citigroup announced today that it has reached an agreement to purchase UK based Egg Banking (Egg) the largest online bank in the world. Citigroup is buying the company from Prudential PLC for $1.13 billion in cash for the bank. The deal is on track to be completed by the end of April.


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