Mizuho to buy 20% stake in Rakuten Securities for $550m from parent: Nikkei

Mizuho to buy 20% stake in Rakuten Securities for $550m from parent: Nikkei

A staff of Rakuten Cafe is seen under a logo of Rakuten Inc at a shopping district in Tokyo August 4, 2014. REUTERS/Yuya Shino

Mizuho Financial Group’s securities business will acquire around 20% of shares in Rakuten Securities from its parent Rakuten Group for about 80 billion yen ($554 million), business daily Nikkei reported on Wednesday.

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