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NMR Nova Ltd

220.00
0.00 (0.00%)
28 Jun 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Nova Ltd TG:NMR Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 220.00 218.00 220.00 0.00 20:23:50

Nomura Holdings To Buy NikkoCiti Trust For Y19 Billion

01/07/2009 9:48am

Dow Jones News


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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

 
 

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