Mizuho to acquire majority of Indian investment bank Avendus from KKR for around $523 million
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Mizuho Securities, part of Japan's Mizuho Financial Group, will acquire a majority stake in Indian investment bank Avendus from KKR for up to $523 million. Mizuho will own between 61.6% and 78.3% of Avendus, making it a consolidated subsidiary. This acquisition reflects Japanese financial institutions' increasing interest in India due to its fast-growing economy, contrasting Japan's aging population. KKR initially invested in Avendus in 2016.
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