Centerbridge, Leucadia Bid for Citi Unit

Centerbridge Capital Partners and Leucadia National Corp. have launched a joint bid for Citigroup’s consumer lending unit, Reuters reported, citing a Bloomberg report. The size of the bid is not known. Citigroup has been selling assets as part of a move to simplify the company’s business. With their bid, Centerbridge and Leucadia join three other bids for the unit, which is known as OneMain, Reuters said.

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