OREANDA-NEWS. August 01, 2011. Mizuho Financial Group, Inc. (“MHFG”) hereby announces that its board of directors resolved today to issue new shares through a third-party allotment (the “Offering”), as set forth below, reported the press-centre of Mizuho Financial Group.

The Offering is to be implemented in relation to (i) a share exchange, in which shares of common stock of MHFG shall be allotted as consideration, in order to make Mizuho Corporate Bank, Ltd. (“MHCB”) a wholly-owning parent and to make Mizuho Securities Co., Ltd. (“MHSC”) a wholly-owned subsidiary, and (ii) a share exchange, in which shares of common stock of MHFG shall be allotted as consideration, in order to make Mizuho Bank, Ltd. (“MHBK”) a wholly-owning parent and to make Mizuho Investors Securities Co., Ltd. (“MHIS”) a wholly-owned subsidiary (collectively, the “Share Exchanges”), for the purpose of making the wholly-owning parents in the Share Exchanges acquire the consideration for the Share Exchanges, as necessary to implement the Share Exchanges.

Full reports see here:
http://www.mizuho-fg.co.jp/english/release/pdf/20110729_3release_eng.pdf