Block trade sours for Citi

The US bank could be holding up to $235m of Edenred stock after the shares dipped below a Wednesday offer price

Citigroup could be holding up to $235m of stock in French prepaid services firm Edenred after a sell-down in the company’s stock stumbled out of the blocks – marking a mixed week for the US bank in Europe.

French private equity firm Eurazeo on Wednesday sold a 10.2% stake in Edenred - which is behind the Ticket Restaurant meal voucher scheme - a deal underwritten by Citi. The auction process was managed by Rothschild.

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