Citi Shares Approved for Listing on the Tokyo Stock Exchange
Tokyo/New York – Citi announced today that it has received approval from the Tokyo Stock Exchange (TSE) to list the company’s shares on the TSE under the name “Citi” effective on November 5, 2007.
“Citi is listing on the Tokyo Stock Exchange because we believe in the continuing prominence of Tokyo as a global financial center and view Japan as an attractive market for growth,” said Charles Prince, Chairman and Chief Executive Officer of Citi. “We have been fortunate to operate in Japan for more than a century, and we look forward to the next 100 years of serving our clients and investors in this dynamic market.”
“Our TSE listing, along with localizing our banking operations and forming our strategic alliance with Nikko Cordial, move us even closer to becoming the leading comprehensive banking and securities group in Japan,” said Doug Peterson, CEO, Citigroup Japan Holdings. “Every day, we are focused on providing our clients with broader services and products that will better serve their needs, while also contributing to the ongoing evolution of the financial services industry in Japan.”
Citi has a long history in Japan, which dates back to the company’s first bank branch in Yokohama in 1902. In addition, Citicorp, a predecessor company of Citi, became the first foreign company ever to be listed on the TSE in December 1973. Citicorp maintained its TSE listing until the merger of Citicorp and Travelers Group Inc. that created Citigroup Inc. in 1998, at which time Citicorp stock ceased trading on all non-U.S. exchanges, including the TSE.
Citi’s common stock is currently listed on the New York Stock Exchange (NYSE) and on the Mexican Stock Exchange (Bolsa Mexicana de Valores - BMV).
Nikko Cordial Securities and Nomura Securities acted as joint listing sponsors in connection with Citi’s application to list its shares on the TSE.
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