• Kyodo News


Citigroup Inc. has decided to sell NikkoCiti Trust and Banking Corp. to Mitsubishi UFJ Trust & Banking Corp. for ¥25 billion, Nikko Citi Holdings Inc. said Tuesday.

The trust banking unit of Mitsubishi UFJ Financial Group Inc. is expected to complete the transaction in cash by April 1.

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.