SMFG Buys Citi Japan Units for $5.9B

April 30, 2009

Sumitomo Mitsui Financial Group will buy Citigroup’s Japanese broker and key investment banking units for $5.9 billion and look to form a financial services powerhouse through an alliance with Daiwa Securities Group.

*For more on this story,

read the full Reuters article.

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SMFG Buys Citi Japan Units for $5.9B

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