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This excerpt taken from the C 8-K filed Jan 23, 2009. Divestiture of CitiCapital’s Transportation Finance Business
In 2005, the Company completed the sale of CitiCapital’s Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.6 billion. The sale resulted in an after-tax gain of $111 million ($161 million pretax).
3. DISCONTINUED OPERATIONS
This excerpt taken from the C 8-K filed Aug 14, 2008. Divestiture of CitiCapital’s Transportation Finance Business
In 2005, the Company completed the sale of CitiCapital’s Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.6 billion. The sale resulted in an after-tax gain of $111 million ($161 million pretax).
3. DISCONTINUED OPERATIONS
These excerpts taken from the C 10-K filed Feb 22, 2008. Divestiture of CitiCapital’s Transportation Finance Business In 2005, the Company completed the sale of CitiCapital’s Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.6 billion. The sale resulted in an after-tax gain of $111 million ($161 million pretax). Divestiture of CitiCapital’s Transportation Finance Business In 2005, the Company completed the sale of CitiCapital’s Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.6 billion. The sale resulted in an after-tax gain of $111 million ($161 million pretax).
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These excerpts taken from the C 10-K filed Feb 23, 2007. Divestiture of CitiCapital’s Transportation Finance Business On January 31, 2005, the Company completed the sale of CitiCapital’s Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.6 billion. The sale resulted in an after-tax gain of $111 million ($161 million pretax).
Divestiture of CitiCapital’s Transportation Finance Business On January 31, 2005, the Company completed the sale of CitiCapital’s Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.6 billion. The sale resulted in an after-tax gain of $111 million ($161 million pretax). This excerpt taken from the C 10-Q filed Nov 3, 2006. Divestiture of CitiCapital's Transportation Finance Business On January 31, 2005, the Company completed the sale of CitiCapital's Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.6 billion. The sale resulted in an after-tax gain of $111 million $(161 million pretax). 13 SEGMENT, PRODUCT AND REGIONAL NET INCOME The following tables show the net income (loss) for Citigroup's businesses on a segment and product view and on a regional view: This excerpt taken from the C 10-Q filed Aug 4, 2006. Divestiture of CitiCapital's Transportation Finance Business On January 31, 2005, the Company completed the sale of CitiCapital's Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.6 billion. The sale resulted in an after-tax gain of $111 million $(157 million pretax). 11 SEGMENT, PRODUCT AND REGIONAL NET INCOME The following tables show the net income (loss) for Citigroup's businesses on a segment and product view and on a regional view: This excerpt taken from the C 10-Q filed May 5, 2006. Divestiture of CitiCapital's Transportation Finance Business On January 31, 2005, the Company completed the sale of CitiCapital's Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.6 billion. The sale resulted in an after-tax gain of $111 million ($157 million pretax). 10 These excerpts taken from the C 10-K filed Feb 24, 2006. Divestiture of CitiCapital's Transportation Finance Business On November 22, 2004, the Company reached an agreement to sell CitiCapital's Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.6 billion. The sale, which was completed on January 31, 2005, resulted in an after-tax gain of $111 million ($157 million pretax). Divestiture of CitiCapital's Transportation Finance Business On November 22, 2004, the Company reached an agreement to sell CitiCapital's Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.6 billion. The sale, which was completed on January 31, 2005, resulted in an after-tax gain of $111 million ($157 million pretax). These excerpts taken from the C 10-Q filed Nov 4, 2005. Divestiture of CitiCapital's Transportation Finance Business On November 22, 2004, the Company reached an agreement to sell CitiCapital's Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.6 billion. The sale, which was completed on January 31, 2005, resulted in an after-tax gain of $111 million. Divestiture of CitiCapital's Transportation Finance Business On November 22, 2004, the Company reached an agreement to sell CitiCapital's Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.6 billion. The sale, which was completed on January 31, 2005, resulted in an after-tax gain of $111 million. This excerpt taken from the C 8-K filed Sep 9, 2005. Divestiture of CitiCapital’s Transportation Finance BusinessOn November 22, 2004, the Company reached an agreement to sell CitiCapital’s Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.4 billion. The sale, which was completed on January 31, 2005, resulted in an after-tax gain of approximately $100 million.
The Transportation Finance business is part of the Company’s Global Consumer Retail Banking, which provides financing, leasing, and asset-based lending to the commercial trucking industry.
These excerpts taken from the C 10-Q filed Aug 4, 2005. Divestiture of CitiCapital's Transportation Finance Business On November 22, 2004, the Company reached an agreement to sell CitiCapital's Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.6 billion. The sale, which was completed on January 31, 2005, resulted in an after-tax gain of $111 million. Divestiture of CitiCapital's Transportation Finance Business On November 22, 2004, the Company reached an agreement to sell CitiCapital's Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.6 billion. The sale, which was completed on January 31, 2005, resulted in an after-tax gain of $111 million. This excerpt taken from the C 8-K filed Jun 7, 2005. Divestiture of CitiCapital’s Transportation Finance Business
On November 22, 2004, the Company reached an agreement to sell CitiCapital’s Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.4 billion. The sale, which was completed on January 31, 2005, resulted in an after-tax gain of approximately $100 million.
The Transportation Finance business is part of the Company’s Global Consumer Retail Banking, which provides financing, leasing, and asset-based lending to the commercial trucking industry.
These excerpts taken from the C 10-Q filed May 4, 2005. Divestiture of CitiCapital's Transportation Finance Business On November 22, 2004, the Company reached an agreement to sell CitiCapital's Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.6 billion. The sale, which was completed on January 31, 2005, resulted in an after-tax gain of $111 million. Divestiture of CitiCapital's Transportation Finance Business On November 22, 2004, the Company reached an agreement to sell CitiCapital's Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.6 billion. The sale, which was completed on January 31, 2005, resulted in an after-tax gain of $111 million. These excerpts taken from the C 10-K filed Feb 28, 2005. Divestiture of CitiCapital's Transportation Finance Business On November 22, 2004, the Company reached an agreement to sell CitiCapital's Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.4 billion. The sale, which was completed on January 31, 2005, resulted in an after-tax gain of approximately $100 million. The Transportation Finance business is part of the Company's Global Consumer Retail Banking business and provides financing, leasing, and asset-based lending to the commercial trucking industry. Divestiture of CitiCapital's Transportation Finance Business On November 22, 2004, the Company reached an agreement to sell CitiCapital's Transportation Finance Business based in Dallas and Toronto to GE Commercial Finance for total cash consideration of approximately $4.4 billion. The sale, which was completed on January 31, 2005, resulted in an after-tax gain of approximately $100 million. The Transportation Finance business is part of the Company's Global Consumer Retail Banking, which provides financing, leasing, and asset-based lending to the commercial trucking industry. | EXCERPTS ON THIS PAGE: |
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