NEW YORK -- Citicorp expects to close some assets sales in the fourth quarter, executive vice president Thomas Jones said at an analysts' meeting last week.
He said the likelihood of divestitures in the fourth quarter was "greater" than in the third, when there were none. He was not more specific, except to say that some could be Latin American equity investments.
Citicorp had said it hoped to record up to $800 million in pretax gains from asset sales over the next two to three quarters.
He told reporters that Citicorp was averaging $100 million of commercial real estate sales per quarter.
Mr. Jones also said restructuring charges, such as the $65 million pretax charge taken in the third quarter, were unlikely for 1993.
