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Daiwa Securities Group Inc to Launch Takeover Bid for Shares of Retela Crea Securities Co., Ltd.


Tuesday, 29 Jan 2013 02:00am EST 

Daiwa Securities Group Inc announced that it has decided to acquire 11,861,866 shares of Retela Crea Securities Co., Ltd., which is engaged in financial commodity trading business in Tokyo, Japan, at the price of JPY 240 per share (JPY 2,715 million in total) through takeover bid during the period from February 4, 2013 to March 4, 2013. The Company aims to increase its voting rights in Retela Crea from a 10.08% stake to a 100.00% stake through the acquisition of shares.