J.C. Flowers & Co.

Shinsei/Aozora merger progresses slowly

Shinsei Bank, 32.5% owned by J.C. Flowers & Co., and Aozora Bank, 55% owned by Cerberus Capital Management LP, are having headaches over delays to their merger plan, originally aimed to complete in October this year.

• North Asia
• 04 February 2010

Uncertainty over Shinsei/Aozora merger

Buyout fund-controlled Japanese lenders Shinsei Bank and Aozora Bank may reportedly delay their planned merger, due to numerous problems, such as difficulty integrating systems and differentiation of their separate operations.

• Financials
• 05 January 2010