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The logo of Rakuten is pictured at the headquarters of Rakuten in Tokyo, Japan, May 15, 2019. REUTERS/Sam Nussey

Nishimura & Asahi has advised Japan’s Rakuten Securities Holdings on its sale of a 20 percent stake to Mizuho Securities.

Through the deal, Mizuho hopes to tap Rakuten Securities' online brokerage expertise and its relatively young clientele at a time of stiff competition for traditional face-to-face brokerage services, Reuters reported.

The Nishimura team was led by partners Atsushi Mizushima, Yotaro Takayama, Yasutaka Nishikori, Naoya Ariyoshi, Akihiro Shiba and Kazumaro Kobayashi.

 

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