Daiwa Securities invests $330M in Aozora Bank, becoming its largest shareholder with 15.6% voting rights.
Daiwa Securities Group Inc. invests $330M in Japan's Aozora Bank Ltd, becoming its largest shareholder with 15.6% voting rights after purchasing 51.4B yen in new shares. Investment aims to provide Aozora with fresh capital and both companies plan to cooperate in wealth management, real estate, M&As, and startups. Aozora faced recent losses due to US office property loans, but this investment is unrelated.
May 13, 2024
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