Citigroups Shareholder Tango in Brazil (A) Harvard Case Solution & Analysis

Citigroup found that Daniel Dantas, hired five years ago to manage the $ 750 million Citigroup, private equity investments in the Brazilian telecommunications industry joint venture, supposedly wrong by more than $ 300 million of assets and contracts. Dantas life misconduct related to his management of the fund CVC Citigroup and II-FIA, a legal entity that represents a group of major Brazilian pension funds. Together with Grupo opportunity Dantas, in CVC and II-FIA own Brasil Telecom, the third largest telecommunications company in the country. The pyramidal structure of the Partnership makes it difficult to monitor the actions. Citigroup must quickly determine how to break the complex fabric web-Dantas on control, not allowing it to extract the value of the future partnership. This case provides concrete examples of expropriation risk joint venture partners face when unfamiliar with a pyramidal ownership structure of the group. "Hide
by Susan Perkins, Sachin Waikar Source: Kellogg School Management 16 pages. Publication Date: January 1, 2007. Prod. #: KEL328-PDF-ENG

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