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.
To contact the reporter on this story: Takahiko Hyuga in Tokyo at firstname.lastname@example.org
To contact the editor responsible for this stor Chitra Somayaji at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.