Mizuho Financial Group to buy 15% of Rakuten Card for $1b

Mizuho Financial Group to buy 15% of Rakuten Card for $1b

The logo of Rakuten is pictured in Yokohama, Kanagawa, Japan, Aug 2, 2023. REUTERS/Miho Uranaka/File Photo

Japan’s Mizuho Financial Group will take a 15% stake in Rakuten Group subsidiary Rakuten Card for 165 billion yen ($1.06 billion) in a further deepening of the two companies’ strategic alliance, they said on Wednesday.

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