Mitsubishi UFJ Trust & Banking Corp. said Thursday it will delay its acquisition of NikkoCiti Trust and Banking Corp.

The trust bank, a member of the Mitsubishi UFJ Financial Group, said in a statement it had originally planned to take over all of NikkoCiti's shares on April 1.

The firm didn't specify a timeframe for the delay.

-By Yuzo Yamaguchi, Dow Jones Newswires, +813 5255 2954; yuzo.yamaguchi@dowjones.com