Japan banks, CVC to raise $2.9 bln in Asia fund-Nikkei

TOKYO, March 23 (Reuters) - Sumitomo Mitsui Trust Bank Ltd and Japan Bank for International Cooperation (JBIC) will team up with British private equity group CVC Capital Partners Ltd to set up an Asian investment fund totalling more than 300 billion yen ($2.93 billion), the Nikkei business daily said on Sunday.

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