Citigroup seeks $750 million for 80% of BPO arm

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Citigroup seeks $750 million for 80% of BPO arm

Citigroup is trying to sell 80% of its captive Business Process Outsourcing (BPO) arm Citigroup Global Services for $700-750 million. Advanced negotiations are being undertaken with leading private equity investors for an all-cash deal. Earlier contenders like IBM and TCS have dropped out of the race because of the stipulations set by Citi.

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