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.

FT said Citigroup and AGC Equity Partners declined to comment.

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