Author: bibi
CitiStreet Sold to ING Group
Friday, May 2nd, 2008 @ 10:00 am
Citigroup Inc. and State Street Corp. said Friday they will sell benefit services company CitiStreet LLC to ING Group in a deal
worth $900 million. CitiStreet is a premier global benefit provider, and one of the nation’s largest retirement plan recordkeepers. CitiStreet combines the expertise and strength of two great financial institutions - Citigroup and State Street Corporation - to deliver unmatched benefits. CitiStreet is a company that is both old and young; we were founded in April 2000 by combining the longstanding benefit services divisions of State Street Corp. and Citigroup. The result is a company that provides the spectrum of benefits and financial services more completely than any other, and, we believe, with greater focus - because benefit services is our only business.
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