Citigroup could be holding up to $235m of stock in French prepaid services firm Edenred after a sell-down in the company’s stock stumbled out of the blocks – marking a mixed week for the US bank in Europe.

French private equity firm Eurazeo on Wednesday sold a 10.2% stake in Edenred - which is behind the Ticket Restaurant meal voucher scheme - a deal underwritten by Citi. The auction process was managed by Rothschild.