xCitigroup of New York is expanding its European supermarket, CitiChoice, in early May beyond the United Arab Emirates, Bahrain and Brussels to include Germany.

Although supermarkets are a new concept to European investors and most banks continue to offer only their own funds, Citigroup is hoping to get in early on what it sees as a major new distribution channel in Europe, said Bill Sheridan, Citigroup vice president of business development, based in London.

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