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Other investors and partners in these firms would be offereda chance to become shareholders in Citadel. Meanwhile, Citadelwould gradually sell off its non-core investments over a periodof at least three years, as part of a plan to transform itselffrom a private equity firm to an investment holding structure.
online research paper publication Ingo Scholz, a lawyer who represents holders of a 250million euro ($337 million) bond, said bondholders should notexpect payment as the break-up of the business was likely tocover the costs of the insolvency proceedings but little else.

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