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Mizuho Securities to buy 20% of Rakuten Securities for $550 mln

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Mizuho Securities to buy 20% of Rakuten Securities for $550 mln

Mizuho Financial Group's securities unit will acquire a 19.99% stake in Rakuten Securities from its parent Rakuten Group for 80 billion yen ($552 million) to beef up its online brokerage business, the companies said on Friday.

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Mizuho Securities to buy 20% of Rakuten Securities for $550 mln

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Mizuho Securities to buy 20% of Rakuten Securities for $550 mln

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