Daiwa Securities Group acquires a 23.95% stake in Aozora Bank from Yoshiaki Murakami's fund.
Daiwa Securities Group Inc. buys a 23.95% stake in Aozora Bank Ltd. from City Index Eleventh, a fund linked to Japan's prominent activist investor Yoshiaki Murakami. This comes after Aozora Bank reported its first loss in 15 years due to losses on its US office property loans. Daiwa's acquisition will strengthen its ties with Aozora Bank and enhance its presence in the banking industry.
June 11, 2024
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