Japan's commodity broker Okato to hold merge talks with Nissan Securities
13/02/2019 09:57
TOKYO, Feb 13 (Reuters) -
* Japanese commodity broker Okato Holdings Inc 8705.T said
on
Wednesday it and Japanese financial and commodity broker Nissan
Securities Co Ltd have agreed to hold merger talks
* The two companies, which entered into an equity alliance
last
year, decided to hold merger talks as they saw benefits in
profit growth and productivity through an outright merger, Okato
said in a statement
* Okato separately said it expected to book a net loss of 35
million yen ($316,226) for the April to December period, against
a loss of 63 million yen a year earlier, due to falling
commissions from its commodities brokerage and lower gains from
its securities business
($1 = 110.6800 yen)
(Reporting by Yuka Obayashi)
((Yuka.Obayashi@thomsonreuters.com; +813-6441-1798; Reuters
Messaging: yuka.obayashi.thomsonreuters.com@reuters.net))