SMFG,MUFG,Mizuho 2nd Round Bidders For Nikko Cordial-Sources
21 April 2009 - 12:35PM
Dow Jones News
Japan's three megabanks Monday submitted offers to buy Nikko
Cordial Securities Inc. in the second round of bidding, people
familiar with the matter said Tuesday.
Sumitomo Mitsui Financial Group Inc. (8316.TO), Mitsubishi UFJ
Financial Group Inc. (8306.TO) and Mizuho Financial Group Inc.
(8411.TO) are bidding for the unit put up for sale by Citigroup
(C), they said.
The Nikkei reported Tuesday morning that the price for Nikko
Cordial Securities could reach Y400-500 billion.
-By Atsuko Fukase, Dow Jones Newswires; 813-6895-7567;
atsuko.fukase@dowjones.com