Japan's NTT takes 8.91% stake in SBI Holdings under capital alliance deal

NTT

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;))