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Report: Citi's payment processing biz in Asia to accept final bids

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Report: Citi's payment processing biz in Asia to accept final bids

After exiting payment processing for merchants in othergeographies, CitigroupInc. is putting the one in Asia up for sale.

The bidding has been confidential, and final offers are duein roughly three weeks, Reuters reported April 28, citing "people familiarwith the matter." The business is said to bring in about $400 million ingross revenue.