Mizuho Financial Group consolidates its affiliates
Mizuho Financial Group (MHFG), Japan’s second largest financial group, is to acquire the remaining shares it does not own in each of its affiliate companies - including Mizuho Trust Banking Co., Mizuho Securities Co., Mizuho Invester Securities Co., Mizuho Bank and a listed retail-oriented securities unit – making them 100%-owned subsidiaries.
The deal is to be brokered via a share exchange. According to a Group statement, the prompt share acquisition is a result of the current business environment surrounding financial institutions, and by...
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