Softbank-led group loses rights to buy NCB

Softbank-led group loses rights to buy NCB

TOKYO, Japan - Shoji Mori, secretary general of the government's Financial Reconstruction Commission (FRC), speaks at a news conference in Tokyo on May 31 after FRC's talks with a consortium led by leading Internet investor Softbank Corp. on the failed Nippon Credit Bank broke down. He said the consortium's priority rights to negotiate the purchase of the long-term credit bank have expired.

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