zlacker

Conglomerate is not a Keiretsu and a keiretsu is not a conglomerate. Keiretsu is cross-ownership of shares centered around a bank.

If you absolutely must use a Japanese term, go with Zaibatsu.

http://en.wikipedia.org/wiki/Keiretsu http://en.wikipedia.org/wiki/Zaibatsu

>>wodeno+(OP)
Ownership of big Finnish companies formed Keiretsu type arrangement until the beginning of the 80's. Finland had two big banks, SYP and KOP, and they formed two camps that cross owned large sectors of Finnish business.

Nokia was mostly in the SYP camp. SYP owned directly 20% of Nokia and even more trough it's insurance companies and other investors.