Citigroup Inc. (NYSE: C)
October 01, 2009
Citi Successfully Completes Sale of NikkoCiti Trust and Banking Corporation to Nomura Trust & Banking
Tokyo – Citi today announced the successful completion of the sale of NikkoCiti Trust and Banking Corporation to Nomura Trust & Banking Co. Ltd.
Citi received all-cash consideration of 19 billion yen (US$212 million at an exchange rate of 89.60 yen to US$1.00 as of September 30, 2009) as part of the transaction, subject to certain post-closing purchase price adjustments.
Citi's Institutional Clients Group advised Citi on this transaction.
Citi
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