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Daiwa Securities to Buy 15 Pct Stake in Aozora Bank

Daiwa Securities to Buy 15 Pct Stake in Aozora Bank

   Tokyo, May 13 (Jiji Press)--Daiwa Securities Group Inc. said Monday it will spend 51.9 billion yen to acquire a stake of over 15 pct in Aozora Bank as part of a capital and business alliance between the two companies.
   The securities firm will purchase new Aozora shares issued for a third-party allotment.

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AFP-JIJI PRESS NEWS JOURNAL


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