Market Chatter: Mizuho Financial Group Close to Acquiring KKR's Majority Stake in Avendus Capital

MT Newswires Live

Feb 10, 2025

Mizuho Financial Group Inc (MFG) is close to acquiring a 63% stake in Indian investment bank Avendus Capital from KKR, Bloomberg News reported Monday citing people familiar with the matter.

The companies are still discussing the details of a potential transaction that may take place in the next few weeks. However, the sources said the talks could still fall apart.

The deal may value Avendus at about $800 million, the sources told Bloomberg.

Mizuho and Avendus did not immediately respond to MT Newswires' request for comment on the matter, and KKR declined to comment.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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However, the sources said the talks could still fall apart.</p><p>The deal may value Avendus at about $800 million, the sources told Bloomberg.</p><p>Mizuho and Avendus did not immediately respond to MT Newswires' request for comment on the matter, and KKR declined to comment.</p><p>(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.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1791807156.HKD","symbol_name":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2510304853","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510304853","pubTimestamp":1739187189,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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