(Corrects number of shares to 591 million from 316 million)
TOKYO Jan 7 U.S. buyout firm Cerberus Capital
Management LP will sell up to 591 million shares in
Japanese lender Aozora Bank Ltd, Aozora said in a
government filing on Monday.
Aozora, around half of which is owned by Cerberus, said in
September that Cerberus was planning to cut its stake. The bank
did not say at the time how the firm planned to divest its
Citigroup and Morgan Stanley MUFG Securities Co Ltd
will serve as joint global coordinators of the sale,
according to the filing.
(Reporting by Mayumi Negishi and Junko Fujita; Editing by