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Europe Daily Bulletin No. 8036

30 August 2001
Contents Publication in full By article 25 / 32
ECONOMIC INTERPENETRATION / (eu) financial services

The US company CITIGROUP INC has acquired a 50% stake in NIKKO TRUST & BANKING CORPORATION (Nippon brokerage firm NIKKO SECURITIES) for the sum of $83.4 million. The operation, to be finalised on 31 August, will entail the merger of NIKKO TRUST and CITI TRUST (its counterpart within the CITIGROUP INC) into a joint fiduciary and investment services firm called NIKKOCITI TRUST & BANKING CORPORATION, which will work on the Japanese market and whose total managed assets will be 7,000 billion...

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION