Green Asia
NTT Docomo forms capital tie-up with Monex to strengthen financial business
![](https://nsn.asia/wp-content/uploads/https://onecms-res.cloudinary.com/image/upload/s--BYNV11Ue--/f_auto,q_auto/c_fill,g_auto,h_676,w_1200/v1/mediacorp/one-cms/images/2021-06/business_1.png?itok=rGtz_C8Z)
TOKYO : Japanese mobile operator NTT Docomo said it formed a capital tie-up with fintech firm Monex Group on Wednesday to build a new financial services business centred on managing its customers’ assets.
Monex’s brokerage unit Monex Inc will form an intermediate holding company in which Docomo will take a 49 per cent stake and make its consolidated subsidiary, Docomo said.
Docomo will buy shares of the intermediate holding company from Monex Group for 46.56 billion yen ($312.00 million) and subscribe to a third-party allotment of shares worth 2 billion yen, Monex said.
($1 = 149.2300 yen)