Nomura Holdings To Buy NikkoCiti Trust For Y19 Billion
01 7월 2009 - 5:48PM
Dow Jones News
Nomura Trust and Banking Co. will acquire NikkoCiti Trust and
Banking Corporation for Y19 billion, the unit of Japan's largest
brokerage, Nomura Holdings, said Wednesday.
The all-cash transaction will likely be completed in October,
pending regulatory approvals and deal terms, it said in a
statement.
NikkoCiti Trust and Banking is the Japanese trust banking unit
of U.S.-based Citigroup Inc. (C) and had 107 staff, capital of Y20
billion and trust assets of Y4.5 trillion as of March 31 this
year.
At that time, Nomura's trust unit held assets of Y19.5 trillion,
staff of 261 and capital of Y30 billion.
-By Tor Ching Li, Dow Jones Newswires; 813-6895-7567,
chingli.tor@dowjones.com