Buying Japanese : Citigroups $7.7 bn deal

Citigroup has struggled to build its presence in Japan

US banking giant Citigroup has bought a majority stake in Japan's Nikko Cordial Securities for $7.7bn (£3.8bn), the largest foreign takeover in Japanese history. Read original article

Citigroup is paying $14.24 a share to raise its stake in the brokerage firm to 61%, winning over many shareholders who initially opposed the deal. Read more.