Japan-based Financial Products Group (FPG) is reportedly in talks to buy Dai-ichi Asset Management as part of its strategy to diversify its product offering.
FPG is expected to pay several hundreds of millions of yen for Dai-ichi, Reuters reported quoting a person familiar with the matter.
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Dai-ichi Asset Management roughly has JPY13 billion ($126.3 million) in investment funds under management.
FPG and Dai-ichi declined to comment.
FPG specializes in arranging ship, container and aircraft leasing schemes that its clients, mainly small and medium-sized companies, invest in as a tool to defer taxable income.
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