WASHINGTON (dpa-AFX) - Citigroup Inc. (C) said that it intends to apply for the delisting of its common stock from the Tokyo Stock Exchange or TSE. Delisting is expected to come into effect by the end of August 2016, subject to receipt of TSE approval.
Citi has been in Japan since 1902, and the delisting from the TSE will not affect Citi's businesses in the country. Japan remains an important market for Citi, which is committed to further strengthening its capabilities to better serve its corporate and institutional clients in Japan, the company said.
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