Mizuho in talks to invest in several Asian banks

Pile Of Coins

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.

Reuters reports that in contrast to aggressive moves by the other two of Japan's top three banks, Mizuho has kept a relatively low-key approach to acquisitions recently.

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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Mizuho to avoid flashy deals in hunt for stake targets

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