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Aozora Bank Ltd., a lender controlled by U.S. buyout fund Cerberus Capital Management LP, may be unable to repay public funds it owes this year because of its stock price slump, the bank’s chief executive officer said.

“I think it’s going to be tough to do this year, as a practical matter,” Federico Sacasa said in an interview Thursday. The bank said in May 2007 it expected to repay within a year money received in a government bailout.

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