Sumitomo Mitsui to Take 10 Pct Stake in SBI

Sumitomo Mitsui to Take 10 Pct Stake in SBI

   Tokyo, June 23 (Jiji Press)--Sumitomo Mitsui Financial Group Inc. <8316> will invest some 79.6 billion yen to take a stake of about 10 pct in online financial group SBI Holdings Inc. <8473>, the Japanese companies said Thursday.
   The two companies said that they plan to launch new digital financial services for retail customers by the end of March next year.

To read a full story, please click here to find out how to subscribe.

(C)JIJI PRESS LTD., All rights reserved.