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Resona Holdings Inc (8308.T)

8308.T on Tokyo Stock Exchange

589JPY
17 Nov 2017
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Wed, Nov 8 2017

BRIEF-R&I affirms Resona Holdings's rating at "A" and says stable outlook-R&I

* Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A"-R&I

BRIEF-Resona Holdings says business integration between Minato Bank, Kansai Urban Banking and Kinki Osaka Bank

* Says the six companies, Resona Holdings Inc (Resona Holdings), Sumitomo Mitsui Financial Group Inc (SMFG), Sumitomo Mitsui Banking Corporation (SMBC), Minato Bank Ltd(Minato), Kansai Urban Banking Corporation (Kansai Urban), and The Kinki Osaka Bank Ltd (Kinki Osaka) have respectively resolved to implement a business integration of the three banks, Minato, Kansai Urban and Kinki Osaka, and executed a business integration agreement

BRIEF-Resona Holdings sets transaction date for full acquisition of Singapore firm AFC Merchant Bank on July 31

* Says co's unit Resona Bank will fully acquire AFC Merchant Bank(Asean Finance Corporation Limited) on July 31

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