Orix Corp. said selling new shares to fund additional acquisitions is an option, after the financial services provider announced its largest-ever takeover last month.
Orix, which agreed to buy Rabobank Groep's Robeco Groep NV asset-management unit in the Netherlands for €1.94 billion ($2.5 billion), will continue targeting overseas acquisitions, Chief Executive Officer Yoshihiko Miyauchi said.
"Our stomach isn't full even after the Robeco deal," Miyauchi, 77, said on March 11, adding that Orix still has as much as ¥200 billion ($2.1 billion) available to spend. "If we find something really good that costs more, then a capital increase would be possible."