Citi to sell final Primerica stake

Citigroup is set to exit from life insurer Primerica by selling its remaining 8m shares in a public offering. Primerica, one of the cornerstones of Citi’s empire before the financial crisis led to a bailout in 2008, went public in 2010.. Last month, Primerica bought back $200m of its shares from Citigroup, as the bank looks to reduce its non-core assets.