Mizuho to buy 20% stake in Rakuten Securities - report

Wednesday, 05. October 2022 10:25

Mizuho Financial Group Inc.'s subsidiary Mizuho Securities is set to acquire a 20% stake in Rakuten Group Inc.'s Rakuten Securities, Nikkei Asia reported on Wednesday.

The acquisition will reportedly stand at about ¥80 billion or $555 million and a formal agreement between the two companies should be expected by the end of the week.

The transaction could be finalized as soon as next month, according to the media outlet.

Related Links: Mizuho Financial Group Inc.Mizuho Financial Group Inc.
Baha Breaking News (BBN) / MS