Japan's NTT takes 8.91% stake in SBI Holdings under capital alliance deal
29/05/2025 08:17
TOKYO, May 29 (Reuters) - Japan's Nippon Telegraph and Telephone 9432.T will invest about 110 billion yen ($755.49 million) in SBI Holdings 8473.T to acquire an 8.91% stake, as the two companies aim to integrate their digital technology and financial services. Under the deal, SBI said it will issue 27 million new shares to Japan's largest telecommunications firm through a third-party share allotment. ($1 = 145.6000 yen) (Reporting by Mariko Katsumura; Editing by Christopher Cushing) ((Mariko.Katsumura@thomsonreuters.com;))
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