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Japan: Regional lender Tomony in merger talks

By  |  April 6, 2015

Japanese regional lender Tomony Holdings Inc said on Monday it is in talks to merge with Osaka-based Taisho Bank, owned 26 percent by Mitsubishi UFJ Financial Group Inc, helping to keep up momentum for consolidation in the crowded sector.

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    Tomony is based on the western island of Shikoku with total assets of 3 trillion yen, while Taisho Bank has total assets of 450 billion yen.

    The Nikkei business daily reported Tomony aims to acquire unlisted Taisho in an all-stock deal as early next year.

     

    Full Content: Mainichi

     

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