Goldman Advises Sumitomo Mitsui, Mizuho on $3 Billion Deals
Goldman Sachs Group Inc. (GS) advised Sumitomo Mitsui Financial Group Inc. (8316) and Mizuho Financial Group Inc. (8411) on acquisitions totaling $3.2 billion, statements from the two Japanese banks showed today.
The New York-based firm advised Sumitomo Mitsui on its plan to increase its stake in Promise Co., a Japanese consumer lender, by purchasing shares for about 200 billion yen ($2.6 billion), the Japanese bank said.
Goldman Sachs also advised Mizuho on its purchase of a 15 percent stake in Joint-Stock Commercial Bank for Foreign Trade of Vietnam, also known as Vietcombank, for about $570 million, Tokyo-based Mizuho said.
Goldman Sachs is the No. 1 adviser on mergers and acquisitions in Japan for the nine months ended Sept. 30, followed by Nomura Holdings Inc. (8604), according to data compiled by Bloomberg.
To contact the reporter on this story: Takahiko Hyuga in Tokyo at thyuga@bloomberg.net
To contact the editor responsible for this stor Chitra Somayaji at csomayaji@bloomberg.net
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