Orix May Buy US Asset Management Firm - Bloomberg News
October 06 2011 - 1:30AM
Dow Jones News
Japan's Orix Corp. (8591.TO) said it is considering buying a
U.S. asset management company to add equities to its portfolio,
Bloomberg News reported Thursday, citing an interview with deputy
president Haruyuki Urata.
Urata said his company is in talks with several firms, but
declined to elaborate, the report said.
"We want to diversify our products and client network by
expanding into equity investments and attracting Asian investors,"
Urata said, according to the report on the Bloomberg website.
Full story:
http://www.bloomberg.com/news/2011-10-06/orix-may-buy-u-s-asset-management-firm-to-enter-equity-market.html?cmpid=bit
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