Nippon Credit Bank and Bankers Trust Co. of the United States will hold between 1 billion yen and 2 billion yen in each other’s shares, and Bankers Trust will also acquire an option to buy additional NCB shares worth 15 billion yen in three years, NCB announced Sept. 30.
The mutual capital participation, based on their business cooperation accord concluded in April, is expected to help stabilize NCB management, which is presently implementing restructuring efforts, and also consolidate Bankers Trust’s position to exploit Japan’s looming financial deregulation.
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