petak, 09.10.2009.
Felix Salmon » Blog Archive » Citi finally sells Phibro | Blogs |
Felix Salmon » Blog Archive » Citi finally sells Phibro | Blogs |
NEW YORK — Occidental Petroleum will buy Citigroup&s oil and gas trading unit Phibro for $250 million, the companies said Friday Citigroup Inc. has come under fire for the hefty 2009 pay package for Andrew J. Hall, the leader at Phibro.
From 1997 until the second quarter of 2009, Phibro averaged approximately $200 million per year in pre-tax earnings, while over the last five years Phibro&s earnings averaged $371 million per year. Phibro has been profitable each fiscal ...
Citigroup has reached an agreement to sell its energy trading unit, whose top trader is set to receive a controversial bonus of more than $100 million, to Occidental Petroleum in a deal valued at about $250 million.
Citigroup has reached an agreement to sell its energy trading unit, whose top trader is set to receive a controversial bonus of more than $100 million, to Occidental Petroleum in a deal valued at about $250 million.
NEW YORK — Occidental Petroleum will buy Citigroup&s oil and gas trading unit Phibro for $250 million, the companies said Friday Citigroup Inc. has come under fire for the hefty 2009 pay package for Andrew J. Hall, the leader at Phibro.
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