<p>Mr Prince justified his position on the grounds that the possibilities to create value for its shareholders are far better outside Europe, Reuters said. <br /><br />He also revealed that Citigroup is seeking new opportunities for smaller purchases that would be easily assimilated into its business, with priorities lying in markets outside of western Europe, such as in Asia. <br /><br />However, due to the size of Citigroup, Mr Prince added that it could no longer rely solely on acquisitions to fuel its growth as any takeover would only increase its annual revenue by a small percentage, Forbes reported.</p>
