Procrea Holdings rebounds for first time in 4 sessions as board set to deliberate merger with AKITA BANK and Bank of Iwate today
Procrea Holdings, Inc. <7384> rebounded for the first time in four sessions on Friday. The company, along with THE AKITA BANK, LTD. <8343> and The Bank of Iwate, Ltd. <8345>, announced before the market open that they would submit a proposal to their respective board meetings that day to begin talks on a three-way business integration reported by media outlets. The announcement prompted buying interest. AKITA BANK also rebounded to hit a new year-to-date high, while Bank of Iwate traded firmly.
Nikkei reported on the night of Oct. 1 that Aomori Michinoku Bank, Bank of Iwate, and AKITA BANK would begin talks on a business integration. If realized, the integration would create the largest regional banking group in the Tohoku region, with total assets of approximately 13 trillion yen.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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