UPDATE 1-Japan's Aozora to invest $500 mln in GMAC


TOKYO, Nov 30 (Reuters) - Aozora Bank Ltd. , a Japanese lender recently floated by U.S. private equity firm Cerberus [CBS.UL], said on Thursday it will invest $500 million in GMAC, the finance unit of General Motors Corp. . Aozora is part of a consortium led by Cerberus Capital Management LP which is set to buy a 51 percent stake in GMAC, (General Motors Acceptance Corp.) for $14 billion. The consortium also includes Citigroup and PNC Financial Services Group Inc. Two weeks ago, the ...

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