• SHARE

U.S. investment fund Cerberus Group is likely to win the bid for the 48.8 percent stake Softbank Corp. holds in Aozora Bank, sources close to the deal said Tuesday.

Cerberus is expected to top or at least match the bid of Sumitomo Mitsui Financial Group Inc., which is estimated at 100 billion yen. Cerberus aims to enter into final negotiations on the deal before the end of the month, the sources said.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW