Reuters logo
Monex to make Sony Bank Securities its unit for $27.9 mln
July 17, 2012 / 4:21 AM / 5 years ago

Monex to make Sony Bank Securities its unit for $27.9 mln

TOKYO, July 17 (Reuters) - Monex Group said on Tuesday it will acquire all shares of Sony Bank Securities Inc, a wholly owned subsidiary of Sony Bank Inc.

The Japanese online brokerage will pay 2.2 billion yen ($27.9 million) to Sony Bank for the stake and will make Sony Bank Securities its unit.

Sony Bank is a unit of Sony Financial Holdings. ($1 = 78.7400 Japanese yen) (Reporting by Miki Kayaoka; Editing by Michael Watson)

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