CitiCapital Announces Retail Finance Program with Ritchie Bros. Auctioneers.IRVING, Texas Irving (pronounced 'er-ving') is a city located in the U.S. state of Texas within Dallas County. According to the 2000 U.S. Census, the city population was 191,615; the 2006 estimate was 201,927 according to the North Central Texas Council of Governments, and 196,084 according to -- CitiCapital, a business unit of Citigroup, announced an exclusive retail finance program agreement with Ritchie Bros. Auctioneers Ritchie Bros. Auctioneers (NYSE: RBA & TSX: RBA), sells, through unreserved public auctions, a broad range of used and unused industrial equipment including equipment utilized in the construction, transportation, material handling, mining, forestry, petroleum, marine, , the world's largest auctioneer AUCTIONEER, contracts, commerce. A person authorized by law to sell the goods of others at public sale. 2. He is the agent of both parties, the seller and the buyer. 2 Taunt. 38, 209 4 Greenl. R. 1; Chit. Contr. 208. 3. of industrial equipment. CitiCapital is developing proprietary software that will allow virtually instant credit approval for applications made online and at the Ritchie Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) auction sites. As part of the agreement, CitiCapital will use Ritchie Bros. as its exclusive auction service provider for industrial equipment. "As leaders in the industrial equipment industry, it is a natural fit for Ritchie Bros. and CitiCapital to form this exclusive relationship," said Peter Blake There have been several notable individuals named Peter Blake.
"Ritchie Bros., like CitiCapital, is a well respected name in the industrial equipment industry," said Rob Cook, Managing Director at CitiCapital. "We are proud of this new relationship and look forward to our first auction together with Ritchie Bros in February of 2005." ABOUT CITICAPITAL With a current global portfolio of over $20 billion, CitiCapital, a business unit of Citigroup, is one of the largest commercial finance companies, and the leading independent provider of industrial equipment financing in the country. CitiCapital provides a full range of financing solutions and services to over 575,000 customers throughout the world and is also a market leader in construction equipment, healthcare and business technology equipment finance. Additional information can be found at www.citicapital.com. ABOUT CITIGROUP Citigroup (NYSE NYSE See: New York Stock Exchange : C), the preeminent global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , Banamex, and Travelers Life and Annuity. Additional information may be found at www.citigroup.com. ABOUT RITCHIE BROS Ritchie Bros. is the world's largest auctioneer of industrial equipment, operating through over 110 locations in 25 countries around the world. The Company sells, through unreserved public auctions, a broad range of used and unused industrial equipment including equipment utilized in the construction, transportation, mining, forestry, petroleum, marine and agriculture industries. The Company maintains a web site at www.rbauction.com. |
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