Japan's SBI to take majority stake in Okasan Asset Management for $69 mln
30/09/2022 08:28
TOKYO, Sept 30 (Reuters) - Japan's SBI Holdings Inc
8473.T said on Friday that it would take a 51% stake in Okasan
Asset Management Co by buying shares in a third-party allotment
for 10 billion yen ($69.31 million).
SBI plans to complete the deal on Nov. 30, after which
Okasan Asset Management would change its name to SBI Okasan
Management Co, it said in a statement.
($1 = 144.2800 yen)
(Reporting by Chang-Ran Kim; editing by Jason Neely)
((ran.kim@thomsonreuters.com; +81-3-4520-1228))