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Fukuoka Financial, Eighteenth Bank's remedy plans for stalled merger still have JFTC's attention, official says

By Sachiko Sakamaki ( July 26, 2017, 06:48 GMT | Insight) -- Following a decision by Fukuoka Financial Group and Eighteenth Bank to shelve their planned merger amid competition concerns, Japan's antitrust regulator says it will continue to discuss remedies that could allow it to approve the deal. JFTC Secretary General Akinori Yamada said the regulator would continue its in-depth examination of the merger plan, which if completed would boost the combined bank's share of the lending market in Nagasaki Prefecture to about 70 percent. Following a decision by Fukuoka Financial Group and Eighteenth Bank to shelve their planned merger amid competition concerns, Japan's antitrust regulator says it will continue to discuss remedies that could allow it to approve the deal....

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