Mizuho Gets WestLB Brazil

Mizuho Gets WestLB Brazil

Brazil Japan M&A

Mizuho has agreed to acquire WestLB’s Brazilian subsidiary, it says. The company did not respond to request for comment regarding the value, but Japanese and other media reports put it in the neighborhood of JPY30bn ($380m). The deal, which remains subject to regulatory approvals, comes as Germany-based bank WestLB restructures in a plan approved by the European Commission late last year that instructs WestLB to split off its business with savings bank and public-sector clients and gives it the

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