Japanese lenders Resona, Kansai Mirai to brief at 0700 GMT amid deal report (updated)

Resona Holdings

10/11/2020 06:33

(Adds details from previous report of tender offer by Resona)
    TOKYO, Nov 10 (Reuters) - Japanese lenders Resona Holdings
Inc  8308.T  and Kansai Mirai Financial Group  7321.T  will hold
a joint news conference in the western city of Osaka at 4 p.m.
(0700 GMT) on Tuesday, a Resona spokesman said.
    Resona President Masahiro Minami and Kansai Mirai President
Tetsuya Kan will attend, he said.
    On Monday, the Nikkei newspaper reported that Resona,
Japan's fourth-largest bank, planned to acquire the 49% it did
not already own in Kansai Mirai through a tender offer.
 urn:newsml:reuters.com:*:nL1N2HV0M4
    Kansai Mirai shares jumped 20% to the daily-limit high of
485 yen on Tuesday, while Resona gained 4.6%.
    Sumitomo Mitsui Financial Group Inc  8316.T  owns about 24%
of Kansai Mirai.

 (Reporting by Takashi Umekawa
Editing by Chang-Ran Kim and Kim Coghill)
 ((ran.kim@thomsonreuters.com; +81-3-4563-2740))