TOKYO -- Daiwa Securities Group will acquire an estimated 25 billion yen ($159 million) in shares of Japan's Aozora Bank, increasing its stake in the lender to around 20%, Nikkei has learned.
The brokerage soon will announce plans to buy the shares from Tokyo-based investment firm City Index Eleventh, which was affiliated with now-defunct activist investor Murakami Fund, as well as Aya Nomura, a daughter of Yoshiaki Murakami, who led the fund.
