Fuji Bank Ltd. said Thursday that it is considering an initial public offering of common stock by Heller Financial Inc., its wholly owned U.S. finance unit.

An offering would help Chicago-based Heller strengthen its business and gain access to the public equity markets.

Fuji would maintain its majority ownership interest in Heller after any such offering. The timing and terms of the offering have not been determined, although Heller anticipates filing a registration statement with the Securities and Exchange Commission.

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