Business Integration of Three Kansai Regional Banks
First written in FY2017. 5 of 7 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2019.
0 other companies' latest entry also says "Advanced".
- FY2019AdvancedAnnual report
「On 1 April 2019, Kansai Urban Bank and Kinki Osaka Bank completed an absorption-type merger in which Kinki Osaka Bank was the surviving company and Kansai Urban Bank was the absorbed company. On the same date, the surviving company's name was changed to Kansai Mirai Bank.」
As the execution phase following the integration of the three Kansai banks, the merger of Kansai Urban Bank and Kinki Osaka Bank and the name change to Kansai Mirai Bank were implemented on 1 April 2019. - FY2019-Q3AdvancedAnnual report
「At a meeting of the board of directors of Kansai Mirai Financial Group held on 27 July 2018, it was resolved, subject to obtaining the approval and authorization of the relevant authorities, among other conditions, that Kansai Urban Bank and Kinki Osaka Bank would merge, with Kinki Osaka Bank as the surviving company and 1 April 2019 as the effective date. The two companies entered into a merger agreement on 19 December 2018.」
The merger of Kansai Urban Bank and Kinki Osaka Bank following completion of the integration of the three banks progressed through the signing of a merger agreement based on 1 April 2019 as the effective date. - FY2019-Q1AdvancedAnnual report
「At a meeting of the board of directors of Kansai Mirai Financial Group held on 27 July 2018, it was resolved, subject to obtaining the approval and authorization of the relevant authorities, among other conditions, that Kansai Urban Bank and Kinki Osaka Bank would merge, with Kinki Osaka Bank as the surviving company and 1 April 2019 as the effective date.」
Following completion of the integration of the three banks, a plan to merge Kansai Urban Bank and Kinki Osaka Bank, with Kinki Osaka Bank as the surviving company, was approved, and 1 April 2019 was established as the effective date. - FY2018AchievedAnnual report
「As a result, the management integration of Kansai Urban Bank, Kinki Osaka Bank and Minato Bank under the integration agreement was completed, and Kansai Mirai Financial Group took a new step forward as one of Japan's leading and the largest regional financial group in the Kansai region.」
The management integration of the three banks was completed through the establishment of Kansai Mirai Financial Group, the transfer of shares in Kinki Osaka Bank, the tender offer and the share exchange on 1 April 2018. - FY2018-Q3AdvancedAnnual report
「14 November 2017: Establishment of the new holding company and execution of the share exchange agreement; 7 December 2017: Execution of the transfer of 近畿大阪銀行 shares; 27 December 2017: Commencement date of the tender offers for みなと銀行 shares and 関西アーバン銀行 shares; 1 April 2018 (scheduled): Effective date of the share exchange」
The management integration of the three regional banks in the Kansai region has progressed through the establishment of Kansai Mirai Financial Group, the transfer of shares in Kinki Osaka Bank, the commencement of tender offers for the two banks, and approval of the share exchange. The structure under which the Company will hold approximately 51% of the voting rights after the integration, as well as the planned implementation date of the share exchange, 1 April 2018, have also been finalized. - FY2018-Q2AdvancedAnnual report
「On 26 September 2017, the company reached a final agreement for 株式会社みなと銀行, 株式会社関西アーバン銀行, and 株式会社近畿大阪銀行 to carry out a management integration. ... As a result of the integration, the company will make the new holding company a consolidated subsidiary in which it holds approximately 51% of the voting rights, while 三井住友フィナンシャルグループ will hold approximately 22.3% to 26.3% of the voting rights in the new holding company, including its holdings through that subsidiary, making the new holding company an equity-method affiliate. ... The new holding company will carry out a share exchange with みなと銀行 and 関西アーバン銀行, scheduled to take effect on 1 April 2018.」
The process progressed from the basic agreement in March 2017 to a final agreement through the execution of the integration agreement on 26 September. The integration structure, ownership ratios, and implementation schedule were specified, including the establishment of 関西みらいフィナンシャルグループ, the transfer of 近畿大阪銀行 shares, tender offers for the two banks, and the share exchange scheduled for 1 April 2018. - FY2017First statedAnnual report
「On 3 March 2017, the company reached a basic agreement with the parties concerned to proceed with discussions and consideration toward the management integration of 株式会社みなと銀行, 株式会社関西アーバン銀行, and 株式会社近畿大阪銀行.」
The company reached a basic agreement on the management integration of みなと銀行, 関西アーバン銀行, and 近畿大阪銀行, outlining plans to execute the final agreement by around the end of September 2017 and complete the integration around April 2018.