March 10, 2010

CSK May Sell Cosmo Sec. To Iwai Sec.

CSK Holdings Corp., is in talks to sell its Cosomo Securities Co. to Iwai Securities for about 16 billion yen ($178 million), according to Nikkei. The information service company is now in the process of restructuring with help from Ant Corporate Advisory Inc., the Tokyo-based investment firm. CSK focuses on core businesses like IT services and now will try to sell its non-core businesses which are represented by Cosmo Securities. If CSK succeeds in this deal, it will take a big load off its shoulders.

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