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SMFG Plans to Take Up to 10 Pct Stake in SBI Holdings

SMFG Plans to Take Up to 10 Pct Stake in SBI Holdings

   Tokyo, June 21 (Jiji Press)--Sumitomo Mitsui Financial Group Inc. <8316> is making final-stage arrangements to take a stake in Japanese online financial group SBI Holdings Inc. <8473>, sources said Tuesday.
   Sumitomo Mitsui is expected to invest tens of billions of yen for a stake of up to around 10 pct by purchasing SBI Holdings shares to be issued under a third-party allotment scheme.

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AFP-JIJI PRESS NEWS JOURNAL


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