Treasury says sale of 1.5 billion shares of Citigroup stock brings government $6.2 billion

Treasury gets $6.2 billion from Citigroup sales

WASHINGTON — The Treasury Department says it has raised $6.2 billion from the sale of 1.5 billion shares of Citigroup stock it received as part of the government’s rescue of the bank.

The sales took place over the past month and represented 19.5 percent of the government’s holdings of Citigroup common stock.

Treasury has said it hopes to sell all of its Citigroup stock in coming months. The sales are the government’s latest move to recoup the costs of the $700 billion financial bailout.