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Japan's Orix in $2.58 bn deal for Dutch asset manager

Japanese financial firm Orix Corp. said Tuesday it will buy Dutch asset manager Robeco for about 1.94 billion euros ($2.58 billion) in what would its biggest acquisition. Under the deal, Orix will buy a 90.1 percent stake in Robeco from Dutch lender Rabobank, which will keep the remaining 9.99 percent stake. The deal would help Orix strengthen its presence in the global asset management business, giving it an opportunity to offer Robeco's financial products to Japanese customers, it said.

European shares' rally pauses for breath

* FTSEurofirst 300 down 0.1 pct, retreats from 2-yr high * EuroSTOXX 50 approaches overbought levels * Strategists turn more cautious, BofAML recommends puts By Toni Vorobyova LONDON, Jan 11 (Reuters) - European equities stalled on Friday, with weak economic data from the United States and concerns about the scope for more stimulus in China giving investors the excuse to lock in profits on a new year rally to multi-month highs.
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