Fortis buys Japanese equity unit of German-owned group.The asset-management arm of financial-services group Fortis said it acquired the Japanese Japanese (jăp'ənēz`), language of uncertain origin that is spoken by more than 125 million people, most of whom live in Japan. There are also many speakers of Japanese in the Ryukyu Islands, Korea, Taiwan, parts of the United States, and equity unit of German-owned asset manager West-AM, a unit of WestLB WestLB Westdeutsche Landesbank Girozentrale (Germany) Group. Fortis said the acquisition is an "important addition" to the product offerings of Fortis Investments, which is building a "comprehensive investment management capability" based on global specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. investment centers. Through the transaction, terms of which weren't were·n't Contraction of were not. weren't were not disclosed, Fortis Investments gains the expertise of the Japanese unit's head, Kazuhito Yoshihara. |
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