“LOOKING FOR: Citi to pay $1 billion for US-based Citigroup”

LONDON — Citi Group Inc. has agreed to pay about $1.6 billion to buy out a $2.4 billion debt deal from its lenders, including Citigroup Inc. Citi and its lenders agreed to an $800 million cash payment, according to people familiar with the matter.The deal is subject to regulatory approval and a number of conditions.Citigroup …