Concordia Financial Group and T&D Holdings to buy 45% stake in Bank Resona Perdania

Concordia Financial Group, Ltd.’s commercial banking entity, The Bank of Yokohama, Ltd and T&D Holdings Inc's Daido Life Insurance Company seek to buy 45% stake in Bank Resona Perdania, respectively 30% and 15%. Bank of Yokohama will acquire it's stake from The Bank of East Asia and Daido will acquire it's stake from Vision Well. Financial details of transaction were not disclosed.