Citi in Talks to Buy Its London Office for $1.55 Billion: FT

Citi in Talks to Buy Its London Office for $1.55 Billion: FT

(Bloomberg) -- Citigroup Inc. is in talks to buy its London skyscraper office for about 1.2 billion pounds ($1.55 billion), the Financial Times reported.

The bank hopes to agree on a deal to acquire the 25 Canada Square tower on Canary Wharf from private equity group AGC Equity Partners in the next few weeks, the newspaper reported, citing an unidentified a person familiar with the sale.

Read more: London’s Citigroup Tower Said Readied for $1.6 Billion Sale

FT said Citigroup and AGC Equity Partners declined to comment.

©2019 Bloomberg L.P.

Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES