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(Update) Daiwa Securities to Take 15 Pct Stake in Aozora Bank

(Update) Daiwa Securities to Take 15 Pct Stake in Aozora Bank

   Tokyo, May 13 (Jiji Press)--Daiwa Securities Group Inc. said Monday it will acquire a stake of over 15 pct in Aozora Bank for 51.9 billion yen under a capital and business tie-up agreement.
   The securities group will purchase new Aozora Bank shares to be issued under a third-party allotment scheme to make it an equity-method affiliate. It will send an outside director to the bank.

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AFP-JIJI PRESS NEWS JOURNAL


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