Citi has sold a $50 million block of shares in Costa Group, Street Talk understands.
The shares were offered at $5.25 apiece and sold on behalf of US-based private equity firm Paine & Partners.
The block represents about 3 per cent of Australia's largest grower and distributor of fruit and vegetables.
Costa was named after Rich 200 member Frank Costa, a former Geelong Football Club president who is estimated to be worth $352 million.
