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CITICORP SELLS CAPMAC HOLDINGS

 CITICORP SELLS CAPMAC HOLDINGS
 NEW YORK, June 25 /PRNewswire/ -- Citicorp (NYSE: CCI) confirmed


that today it sold CapMAC Holdings Inc., the parent company of Capital Markets Assurance Corporation (CapMAC), to a group of investors including members of CapMAC's management; Dillon Read's Saratoga Partners II, L.P.; an investment group comprising members of the William Rockefeller family, and a number of other investors. The sale is part of Citicorp's continuing program to strengthen its capital ratios by selling non-strategic businesses.
 -0- 6/25/92
 /CONTACT: Richard Howe, 212-559-9425, or Maria Rullo, 212-559-3896, both of Citicorp/
 (CCI) CO: Citicorp; CapMAC Hodings Inc. ST: New York IN: FIN SU:


LR -- NY052 -- 3839 06/25/92 13:50 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 25, 1992
Words:115
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