Citigroup to wholly own Nikko Cordial via triangular merger

TOKYO, Japan - Kazuyoshi Kimura (L), deputy chairman of Nikko Cordial Corp., Douglas Peterson (C), chief executive officer of Citigroup Japan Holdings Ltd., and Shoji Kuwashima, director of Nikko Cordial, shake hands after a press conference at a hotel in Tokyo on Oct. 2 at which they announced that Citigroup will wholly own its Japanese brokerage arm Nikko Cordial by the end of January under a triangular merger scheme. (Kyodo)

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