Mirae Asset to acquire Japanese brokerage Sanko
Mirae Asset Securities, a major Korean securities firm, said Thursday it will acquire the Japanese brokerage Sanko Securities, in a drive to expand its presence in the Japanese financial sector. In a regulatory filing, Mirae Asset said its board has approved a plan to buy a 100-percent stake in Sanko Securities. The stake will be purchased by the company's U.S. affiliate, Mirae Asset Securities…
Mirae Asset Securities, a prominent Korean securities firm, has announced its intention to acquire Japanese brokerage Sanko Securities. This strategic move is aimed at expanding Mirae Asset's presence in the Japanese financial sector. The acquisition, valued at approximately 47.6 billion won ($35.6 million), will be completed by Mirae Asset Securities Holdings, the U.S. affiliate of the company.
The deal is expected to involve an investment of around 100 billion won into the U.S. affiliate, which will be utilized for expanding businesses in Japan.
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- Mirae Asset to acquire Japanese brokerage Sanko koreatimes.co.kr
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