Citigroup's (C) infrastructure fund, Citi Infrastructure Partners, agrees to buy troubled...

|About: Citigroup Inc. (C)|By:, SA News Editor

Citigroup's (C) infrastructure fund, Citi Infrastructure Partners, agrees to buy troubled Spanish highway operator Itinere Infraestructuras from Sacyr Vallehermoso for €7.9B. Analysts say Sacyr sold out cheap in desperation. Citigroup is up 12% premarket.