Sept. 30 (Bloomberg) -- Goldman Sachs Group Inc. advised Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. 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., according to data compiled by Bloomberg.
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