Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Sumitomo Trust to Buy DBS Asset Management, Nikkei Reports

Dec. 6 (Bloomberg) -- Sumitomo Trust & Banking Co. of Japan will acquire DBS Asset Management from DBS Bank of Singapore in exchange for 10 billion yen ($119 million) in shares of Sumitomo unit Nikko Asset Management Co., the Nikkei newspaper said, without citing anyone. The transaction will be signed today, the report said.

Link to Company News:{8403 JP <Equity> CN <GO>} Link to Company News:{DBS SP <Equity> CN <GO>}

To contact the reporter on this story: Kazuyo Sawa in Tokyo at ksawa3@bloomberg.net

To contact the editor responsible for this story: Steven McPherson at smcpherson@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.