• Bloomberg


Nikko Cordial Corp., Japan’s third-largest securities firm, said Friday it will withdraw its shares from Tokyo Stock Exchange trading on Jan. 23, four business days before being absorbed by Citigroup Inc. in a stock swap.

In the swap deal, 0.602 of a Citigroup common share will be exchanged for each Nikko common share, Nikko said.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.