TOKYO, May 18 (Pulse News Wire) – Rakuten Group,inc. (4755.T) denied reports published yesterday by the Yomiuri Shimbun stating that Mizuho Financial Group Inc.
Would invest in Rakuten Bank Ltd., a subsidiary of the group. According to the report, the information was not disclosed by Rakuten itself.
Yesterday’s report follows the February 25 announcement where Rakuten stated it was reconsidering the restructuring of its fintech business. As of now, Rakuten has made no definitive decisions regarding this matter.
Any significant developments will be communicated promptly once finalized.
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