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Davis Polk leads a raft of firms on $50bn Citi recap

Author: Zach Lowe in New York and Legal Week staff

02 Mar 2009 | 09:54

Government-backed recapitalization of Citigroup in the latest of a string of deals to refinance struggling banking giants.The complex deal agreed with the Treasury Department will increase the Government's stake in Citi to as much as 36%. The deal sees up to $27.5bn (£19bn) in preference shares con ...

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