Citigroup (NYSE:C) is planning to seek initial bids for EMI Group by the end of the month or in early August, and is looking to complete the sale in "a couple months". Sony (NYSE:SNE) and BMG Rights Management have expressed interest in buying EMI, and Len Blavatnik who is leading the acquisition of Warner Music (NYSE:WMG), Universal Music (PINK:VIVEF) and Alec Gores may also be interested.Citigroup (NYSE:C) has a potential upside of 33% based on a current price of $42.01 and an average consensus analyst price target of $55.88.