TOKYO Jan 7 U.S. buyout firm Cerberus Capital
Management LP is planning to sell most of its stake in
Japanese lender Aozora Bank Ltd in global offering that
could be worth more than 200 billion yen ($2.3 billion), three
people with direct knowledge of the sale said.
Aozora, around half of which is owned by Cerberus, said in
September that Cerberus was planning to cut its stake.
The sale, which could be officially announced as early as
Monday, will be completed by the end of this month, the sources
said. A spokesperson for Aozora Bank declined to comment.