Online financial conglomerate SBI completed the tender offer for Shinsei a week ago, raising its stake in the mid-sized lender to 47.77% from about 20%.
(Reporting by Makiko Yamazaki; Editing by Christopher Cushing)
TOKYO (Reuters) - Funds backed by activist investor Yoshiaki Murakami sold all of their combined 9.16% stake in Japan's Shinsei Bank Ltd to SBI Holdings Inc, a regulatory filing showed on Friday.
Online financial conglomerate SBI completed the tender offer for Shinsei a week ago, raising its stake in the mid-sized lender to 47.77% from about 20%.
(Reporting by Makiko Yamazaki; Editing by Christopher Cushing)
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2,766 JPY | -1.14% | -1.21% | 3.88B | ||
3,805 JPY | +0.85% | +0.98% | 7.43B | ||