08:24 AM EDT, 07/02/2024 (MT Newswires) -- Mizuho Financial Group (MFG) Mizuho Bank Chief Executive Masahiko Kato said mid-cap Japanese are considering buyouts and other options, according to an interview with Bloomberg published Tuesday.

"There are quite a few companies that are experiencing stagnant growth and have price-to-book ratios below one," the bank official said. "We want to help them make growth strategies and provide necessary services."

Bloomberg said Mizuho hopes to increase financial advisory services and lending to mid-cap firms.

The value of deals involving small- and mid-cap Japanese companies rose 55% in the first half of 2024 to $19.7 billion, Bloomberg reported.

(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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