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Quasi-government financial institution Norinchukin Bank and trading house Mitsubishi Corp will buy nearly 60 percent of outstanding shares in Nikko antfactory, the business daily said.
A group of Nikko antfactory executives, including Chief Executive Officer Kazunori Ozaki, will own a stake of more than one-third, giving them the right to veto major decisions at shareholder meetings.
The remaining stake of nearly 10 percent will be kept by Nikko Citi Holdings, the report said.
Nikko antfactory concentrates on venture capital and private equity investing, and its funds, including those of its affiliates, boast a balance of about 130 billion yen.
($1=104.82 yen)
yasuhiko.seki@thomsonreuters.com
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