Citigroup (C.N: Quote, Profile, Research) said on Tuesday Abu Dhabi Investment Authority had agreed to buy $7.5 billion worth of its stock, in the second-largest foreign acquisition announced by a Gulf Arab investor.
Gulf investors have announced more than $70 billion in foreign purchases in 2007, more than in any previous year. Following are details of some of the largest deals since May:
* May - Dubai International Capital, a private equity company owned by the ruler of Dubai, says it has bought into HSBC Holdings (HSBA.L: Quote, Profile, Research) for a fund it manages, making the fund one of the largest investors in Europe's biggest bank.
* May - Saudi Basic Industries Corp 2010.SE agrees to pay $11.6 billion in cash for General Electric Co.'s (GE.N: Quote, Profile, Research) plastics business in the largest foreign acquisition announced by a Gulf Arab investor.
* May - Dubai says it has bought a 2.2 percent stake in Deutsche Bank AG (DBKGn.DE: Quote, Profile, Research) through DIFC Investments, becoming the fifth-largest shareholder in Germany's biggest listed bank. The stake would be worth around 1.35 billion euros ($2.01 billion).
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