Brief: Tokyo TY Financial Group forms business alliance with Bank of Yokohama included four firms

Tokyo Kiraboshi Financial

29/08/2016 07:24

Aug 29 (Reuters) - Tokyo TY Financial Group Inc  7173.T  : 
     
    * Says the company forms a business alliance with Concordia 
Financial Group Ltd  7186.T  's unit The Bank of Yokohama Ltd, 
Sumitomo Mitsui Trust Holdings Inc  8309.T 's unit Sumitomo 
Mitsui Trust Bank Limited, Bank of Kyoto Ltd  8369.T  and Gunma 
Bank Ltd 
    * The co plans to buy 9,000 shares (15 percent stake) in Sky 
Ocean Asset Management Co Ltd from Bank of Yokohama, Sumitomo 
Mitsui Trust Bank, on Sep. 16, and will hold a 15 percent stake 
in it after transaction  
    * Sky Ocean Asset Management Co Ltd was established by Bank 
of Yokohama, Sumitomo Mitsui Trust Bank, Bank of Kyoto and Gunma 
Bank 
     
    Source text in Japanese: https://goo.gl/rS85wo 
    Further company coverage: 7173.T  
 
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