trending Market Intelligence /marketintelligence/en/news-insights/trending/WJ3vs5dMFgxehWTFePbWNw2 content esgSubNav
In This List

Tokai Tokyo Financial completes acquisition of Takagi Securities

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing


Tokai Tokyo Financial completes acquisition of Takagi Securities

Tokai Tokyo Financial Holdings Inc. completed its acquisition of Takagi Securities Co. Ltd. for ¥14.33 billion.

The financial group said April 5 that it purchased 53,066,317 shares of Takagi Securities at ¥270 per share. It added that the brokerage will be delisted from the Tokyo Stock Exchange soon.

In February, Tokai Tokyo Financial offered to acquire 58,820,751 shares of Takagi Securities for ¥270 per share, or a total of ¥15.88 billion.

As of April 6, US$1 was equivalent to ¥110.89.