Concordia Financial Group (JP:7186) has released an update.
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Concordia Financial Group and Sumitomo Mitsui Trust Bank have entered into an agreement to form a joint venture by acquiring 85% equity in Sumitomo Mitsui Trust Loan & Finance. This strategic move aims to leverage the financial expertise of both institutions to enhance service offerings and meet evolving customer needs, particularly in real estate finance. The partnership is expected to drive sustainable growth and corporate value over the medium to long term.
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