The core unit of Mizuho Financial Group is talking to several Asian banks about investing in their operations, a top executive said, but the lender is unlikely to make the sort of flashy deals like those done recently by its rivals.
Rival Mitsubishi UFJ Financial Group bought a 72% stake in Bank of Ayudhya Pcl in December for just over $5bn. In 2008, it bought out UnionBanCal, the holding company for UnionBank, and paid $9bn for a 20% stake in Morgan Stanley.
In March, Sumitomo Mitsui Financial Group completed the acquisition of a 40% stake in BTPN, in a deal valued at $1.5bn.
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