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02 Dec

Citi sells Nikko Cordial to Sumitomo Mitsui Banking Corp. SMFG

Citi sells Nikko Cordial to Sumitomo Mitsui Banking Corp. SMFG

Citi (NYSE:C) today announced the successful completion of the sale of its entire stake in Nikko Asset Management (”Nikko AM”) to The Sumitomo Trust and Banking Co., Ltd. (”Sumitomo Trust”) as part of a transaction that values Nikko AM at ¥120 billion (US$1.3 billion ...


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