News July 30, according to media reports, Citigroup Inc. agreed Thursday to ¥ 75,600,000,000 (approximately 795 million U.S. dollars) the price of its sale of the Japanese asset management sector to Japan's fifth-largest bank Sumitomo Trust & Banking Co. Currently, Citigroup is selling its assets to repay the loan assistance from the U.S. federal government.
Sumitomo Trust & Banking Co said in a statement today, which will be in October, Citigroup's acquisition of Nikko Asset Management Co 64% stake. Citigroup said the deal based on prices, Nikko Asset Management Co., Ltd. The total value of approximately ¥ 120,000,000,000 (about 1.259 billion U.S. dollars).
Jul. 30, 2009
