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

Resona Holdings

09/11/2020 10:26

(Adds company comment)
    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 in a statement to the Tokyo Stock Exchange said that
making Kansai Mirai a wholly owned subsidiary was an option it
had considered, but had yet to make any "concrete decision".
    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.

($1 = 103.5700 yen)

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