Monday, November 24, 2014

Japanese companies are increasingly interested in Australian financial service firms

Surburban street scene, Australia Copyright Peter Hanami 2006
Picture: Surburban street scene, Australia 

"Japanese firms have demonstrated an appetite for building their prescence in Australia's financial scene...Nikko Asset Management snaffled the assets of Suncorp Group in 2010, the same year Dai - Ichi (Life Insurance) bought out the remainder of Tower Australia (in a $1.6 Billion deal)"

Source: National Australia Bank touts MLC risk book
Street Talk
Australian Financial Review
Thursday 3rd April 2014, page 22

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