Reuters logo
Cerberus raises about $1.7 bln by selling Japan's Aozora stake
January 16, 2013 / 1:00 PM / in 5 years

Cerberus raises about $1.7 bln by selling Japan's Aozora stake

HONG KONG, Jan 16 (Reuters) - U.S. private equity firm Cerberus Capital Management LP has raised about $1.7 billion by selling shares in Japan’s Aozora Bank Ltd, according to a term sheet seen by Reuters on Wednesday.

Aozora sold the shares at 231 yen each, a 3.3 percent discount to Wednesday’s closing price, the terms showed.

Cerberus, which has been the controlling shareholder in the mid-sized Japanese lender for much of the past decade, launched the sale on Jan 7.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below