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Japan Govt to Become Top Shareholder of Shinsei Bank

Japan Govt to Become Top Shareholder of Shinsei Bank

   Tokyo, Aug. 8 (Jiji Press)--The Japanese government is expected to replace J.C. Flowers & Co. as the top shareholder of Shinsei Bank <8303> as the lender said Thursday that the U.S. investment firm will sell most of its stake in the bank.
   J.C. Flowers concluded that its investment in the Japanese bank has achieved some results. J.C. Flowers and Ripplewood Holdings, another U.S. investment firm, jointly acquired the Long-Term Credit Bank of Japan, Shinsei Bank's predecessor, in March 2000.

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