Citigroup Global Markets in a $1.15 Billion Block Trade

May 24, 2012

Cleary Gottlieb represented the managers in connection with a block trade by Citibank Overseas Investment Corporation of a 10.1% stake in Akbank T.A.S. for approximately $1.15 billion. The transaction priced on May 24.

Citigroup Global Markets acted as Lead Manager. Akbank T.A.S. is a commercial bank based in Turkey.