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;))
Recent news on SBI Holdings
See all newsBrief: SBI Holdings Inc - To Establish Merged Company With Capital Of 100 Million Yen Equally Split Between SBI Group And Fuji Media Group
Table: SBI Holdings -6-MTH group results (IFRS)
Brief: SBI Holdings Inc - Notice Regarding Extension Of The Tender Offer Period In The Tender Offer For The Shares Of Base
Brief: Jr Kyushu Partners With SBI To Expand Into Financial Services, Nikkei Reports
Brief: Minkabu The Infonoid - To Transfer All Shares Of Livedoor To SBI Group