SBI Holdings now own 53.74% stake in SBI Shinsei Bank: report

Shinsei is preparing to delist and return $2.43b in public funds.

Japanese online financial conglomerate SBI Holdings now owns 53.74% of SBI Shinsei Bank after a tender offer raised its stake by 3.7 points, reports Reuters.

The completion of the tender offer will help Shinsei return about $2.43b (JPY349b) in public funds as it prepares to delist.

ALSO READ: Japanese regulator sounds out megabanks on China geopolitical risks

The Japanese government had bailed out Shinsei two decades ago, and still owns a 22.98% stake.

Read more from Reuters:

Also Read

DBS’ ‘superior’ funding franchise a buffer against volatile financial markets

EastWest modernises retail and corporate operations with SaaS adoption

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit