Tokyo Star Bank Sale Info Memorandum Due This Month -Report
17 Oktober 2011 - 12:55AM
Dow Jones News
The information memorandum for the sale of Tokyo Star Bank is
due out this month, The Australian Financial Review reported in its
Street Talk column Monday without citing sources.
ANZ Banking Group Ltd. (ANZ.AU), whose chief executive said in
December that Japan offers opportunities for the bank given its
deep pool of savings, is "expected to cast its eye over the Tokyo
Star information memorandum", the newspaper said.
Dallas-based Lone Star, Tokyo Star Bank's biggest creditor, and
the other creditors of the bank, including Shinsei Bank Ltd.,
French lender Crédit Agricole SA and Aozora Bank Ltd. are trying to
recoup capital lent to entities set up by Advantage Partners LLC, a
Japanese private-equity firm that bought Tokyo Star Bank from Lone
Star in 2008.
Newspaper website: http://www.afr.com
-By Sydney bureau; 61-2-8272-4680; djnews.sydney@dowjones.com
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