Fortis says to buy Commerzbank Japan trust unit
TOKYO, Sept 25 (Reuters) The asset manager of Belgian-Dutch financial group Fortis said on Tuesday it would buy a Tokyo-based asset managing firm wholly owned by Germany's Commerzbank to expand its operations in Japan.
The
asset
manager,
Fortis
Investments,
declined
to
comment
on
the
value
of
its
purchase
of
Commerz
International
Capital
Management
(Japan)
(CICMJ),
but
a
source
familiar
with
the
deal
has
said
it
would
be
a
little
less
than
0
million.
CICMJ
has
about
400
billion
yen
(
Story first published: Tuesday, September 25, 2007, 17:59 [IST]