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Mitsubishi UFJ Securities, Daewoo Securities agree on business alliance


Published : Tue, 16 Jan 2007 10:46
By : Agencies
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TOKYO (XFN-ASIA) - Mitsubishi UFJ Securities Co Ltd said it and South Korea's Daewoo Securities Co Ltd have agreed to form a business alliance focused on areas ranging from corporate finance, investment banking and other financial products.

The two companies will also look at possibly providing reciprocal support in a range of areas including mergers and acquisitions in Japan and South Korea, a Mitsubishi UFJ Securities spokesman said.

Mitsubishi UFJ Securities is part of the Mitsubishi UFJ Financial Group and Daewoo Securities is one of the Korea's leading securities company.

(1 usd = 120.40 yen)

kaori.kaneko@xfn.com

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