Resona to pay more than 10 billion yen to acquire Kansai Mirai - Nikkei

Resona Holdings

09/11/2020 09:16

TOKYO, Nov 9 (Reuters) - Resona Holdings Inc  8308.T ,
Japan's fourth-largest bank, plans to acquire the 49% of Kansai
Mirai Financial Group  7321.T  it does not already own through a
tender offer bid (TOB), the Nikkei newspaper reported on Monday.
    Resona, which will announce its results for the three months
ended Sept 30 tomorrow, will launch the TOB this month and plans
to spend more that 10 billion yen ($96.6 million) to buy all of
Kansai Mirai shares, the Nikkei reported.
    Reuters was no immediately able to reach Resona officials to
confirm the report.

($1 = 103.5700 yen)

 (Reporting by Tim Kelly and Takashi Umekawa, editing by Louise
Heavens)
 ((tim.kelly@thomsonreuters.com; +813-6441-1311;))