Japan's SMFG plans to buy 10% stake in SBI worth over $443m

Japan's SMFG plans to buy 10% stake in SBI worth over $443m

Photo by jun rong loo on Unsplash

Japan’s Sumitomo Mitsui Financial Group (SMFG) Inc is in final talks to acquire 10% of online financial giant SBI Holdings Inc in a deal likely worth over 60 billion yen ($443 million), the Nikkei business daily reported on Tuesday.

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