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Report: Asset Management One to buy Mizuho Global Alternative Investments

Japan-based investment fund company Asset Management One Co. Ltd. will acquire a 100% stake in Mizuho Bank Ltd. unit Mizuho Global Alternative Investments Ltd., The Nikkei reported May 31.

Asset Management One and Mizuho Bank are both units of Mizuho Financial Group Inc.

The transaction is expected to occur in the second half of the fiscal year ending March 2019. Asset Management One and Mizuho Bank will sign a contract for the sale on June 1, the report said.

Mizuho Global Alternative offers overseas alternative investment products for Japanese investors. With the acquisition, Asset Management One aims to widen its product offering for its customers.