--Sumitomo Mitsui Financial Group Inc. is in discussions to purchase a 10% stake in SBI Holdings Inc., which could be worth over 60 billion yen ($444.1 million), with the objective of strengthening their securities businesses, Japanese business daily Nikkei reported Tuesday, citing unnamed sources.
--SBI Holdings is likely to issue new shares to SMFG, while SBI is expected to consider a small investment in SMFG, the Nikkei cited the sources as saying.
Full story: https://s.nikkei.com/3n2KNPx
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(END) Dow Jones Newswires
June 21, 2022 05:58 ET (09:58 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.