Pearson sale tops trio of bank deals

Citigroup's sale of £236m (€347m) worth of shares in Pearson, the UK publisher, was the third deal the bank led this week, raising a combined total of €653m ($802m).

On Thursday, Citigroup was sole bookrunner of the sale of a 4.9% stake in Pearson for Telefónica. The Spanish telecoms company sold 38.9 million Pearson shares as part of its strategy of divesting its media assets.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire