Citigroup will acquire the remaining $17.4 billion of assets in structured investment vehicles it advises, The Wall Street Journal reports. The completion of the transaction will result in an estimated payment of $300 million.

The move comes as the New York bank finishes winding down the entities that were adversely affected by the global credit crunch. SIVs issued short-term debt at relatively low interest rates and used the proceeds to buy longer-term debt carrying higher rates.

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