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Article: CERBERUS CAPITAL REITERATES ITS LONG-TERM COMMITMENT TO AOZORA BANK.

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AsiaPulse News
Article date:
October 6, 2009
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MEDIA RELEASE PR36428

Cerberus Capital Management Reiterates Its Long-term Commitment to Aozora Bank

NEW YORK, Oct. 6 /PRNewswire-AsiaNet/ --

Cerberus Capital Management, L.P. ("Cerberus") today reiterated its commitment to Aozora Bank, Ltd. ("Aozora") in response to market rumors that Cerberus and its affiliates might be preparing to sell some of their shares in the bank. Cerberus maintains its positive long-term view of this investment and has no plan to sell any Aozora shares in the open market.

Since its inception, Cerberus Capital Management has pursued a strategy that ...

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