News Videos
International Edition


May 25, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

Japan's Orix to purchase Dutch asset manager Robeco in US$2.58 bil. deal

TOKYO -- Japanese financial firm Orix Corp. said Tuesday it will buy Dutch asset manager Robeco for about 1.94 billion euros (US$2.58 billion) in what would be its biggest acquisition.

Under the deal, Orix will buy a 90.1-percent stake in Robeco from Dutch lender Rabobank, which will keep the remaining 9.99-percent stake.

The deal would help Orix strengthen its presence in the global asset management business, giving it an opportunity to offer Robeco's financial products to Japanese customers, it said.

"The financial market has drastically changed since the financial crisis," Orix said in a statement. "Orix has been seeking to build its presence in the global asset management industry in recent years."

Rabobank Chairman Piet Moerland said: "Rabobank and Robeco have strengthened each other over the past decades by working closely together in serving their clients."

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search