Market Chatter: Mizuho Financial Group Close to Acquiring KKR's Majority Stake in Avendus Capital-March 2024-www.financetom.com

Market Chatter: Mizuho Financial Group Close to Acquiring KKR's Majority Stake in Avendus Capital

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Market Chatter: Mizuho Financial Group Close to Acquiring KKR's Majority Stake in Avendus Capital

Feb 10, 2025 4:01 AM

06:33 AM EST, 02/10/2025 (MT Newswires) -- Mizuho Financial Group Inc ( MFG ) is close to acquiring a 63% stake in Indian investment bank Avendus Capital from KKR, Bloomberg News reported Monday citing people familiar with the matter.

The companies are still discussing the details of a potential transaction that may take place in the next few weeks. However, the sources said the talks could still fall apart.

The deal may value Avendus at about $800 million, the sources told Bloomberg.

Mizuho and Avendus did not immediately respond to MT Newswires' request for comment on the matter, and KKR declined to comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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