Daiwa Securities, Credit Saison in capital tie-up - Nikkei
05/09/2019 08:17
TOKYO, Sept 5 (Reuters) - Japan's Daiwa Securities 8601.T
and credit card company Credit Saison 8253.T have agreed to a
capital alliance under which they will also jointly develop a
smartphone payment system, the Nikkei reported on Thursday.
Daiwa Securities will acquire 5% of Credit Saison's shares,
while Credit Saison will buy up to 0.3% in Daiwa, the report
said, without citing sources.
Daiwa Securities declined to comment, while Credit Saison
officials were not immediately available.
(Reporting by Takashi Umekawa; Editing by Subhranshu Sahu)
((Ritsuko.Ando@reuters.com; +81 3 6441 1743;))