Citigroup to list on Tokyo Stock Exchange

Citigroup to list on Tokyo Stock Exchange
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First Published: Sun, Feb 18 2007. 05 27 PM IST
Updated: Sun, Feb 18 2007. 05 27 PM IST
By AFP
TOKYO: US financial giant Citigroup Inc. plans to list on the Tokyo Stock Exchange by the end of this year, making it the first American firm to do so in six years, a news report said Sunday.
The firm has already begun preparing for the listing, which Citigroup sees as essential for its expansion plans in Japan, the Nikkei business daily said citing an unnamed company executive.
The tightened alliance between the New York Stock Exchange and the Tokyo Stock Exchange also encouraged Citigroup to make the move, the newspaper said.
Citigroup plans to double the number of its Japanese branches from 25 within a few years, as well as triple the value of its transactions with corporate customers, the newspaper said.
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First Published: Sun, Feb 18 2007. 05 27 PM IST
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