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8303 - Shinsei Bank News Story

¥1187 65.0  5.8%

Last Trade - 7:00am

Sector
Financials
Size
Mid Cap
Market Cap £1.87bn
Enterprise Value £3.44bn
Revenue £2.69bn
Position in Universe 375th / 3863

BRIEF-Shinsei Bank Ltd - To Acquire Stocks Of UDC Finance Limited To Make It A Wholly-Owned Subsidiary

Tue 2nd June, 2020 12:37am
June 2 (Reuters) - Shinsei Bank Ltd -  8303.T :
    * CONCLUDED AN AGREEMENT TO ACQUIRE STOCKS OF  UDC FINANCE
LIMITED
TO MAKE IT A WHOLLY-OWNED SUBSIDIARY
    * SHARES OF UDC FINANCE TO BE TRANSFERRED FROM ANZ BANK NEW
ZELAND
AFTER OBTAINING APPROVAL FROM RELEVANT AUTHORITY
    * PURCHASE PRICE FOR UDC TO BE TOTAL OF UDC'S NET ASSETS
(637
MILLION NZ DOLLARS AS OF MARCH 31) PLUS 125 MILLION NZ DOLLARS

Source text for Eikon:  ID:nTSRA69a9d 
Further company coverage:  8303.T
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