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(Update) SMFG Announces Deal to Take 10 Pct Stake in SBI

(Update) SMFG Announces Deal to Take 10 Pct Stake in SBI

   Tokyo, June 23 (Jiji Press)--Sumitomo Mitsui Financial Group Inc. <8316> and online financial group SBI Holdings Inc. <8473> said Thursday that they have reached a basic agreement that SMFG will take a voting-rights stake of nearly 10 pct in SBI Holdings.
   Under the deal on their comprehensive capital and business partnership, SMFG will purchase SBI Holdings shares to be issued under a third-party allotment scheme for some 79.6 billion yen.

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AFP-JIJI PRESS NEWS JOURNAL


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