Nippon Telegraph And Telephone (TYO:9432) is acquiring an 8.18% stake in SBI Holdings (TYO:8473) through a 110.8 billion yen third-party allotment, as part as their capital and business alliance.
The acquisition of 27 million shares at 4,102 yen per share paves the way for collaboration in fintech, digital banking, and Web3, according to their bourse filings on Thursday.
NTT's subsidiary, NTT Docomo, will also acquire SBI Sumishin Net Bank (TYO:7163) via a tender offer to strengthen digital financial services.
SBI Holdings will use the proceeds to expand its financial services, including securities and overseas banking, with repayment flexibility for bonds due by 2027.
The alliance between NTT Docomo and SBI Sumishin Net Bank includes joint ventures in asset management, security tokens, and insurance, alongside system development by NTT DATA.
SBI Holdings will record a 142.4 billion yen consolidated gain from selling its 34.19% stake in SBI Sumishin Net Bank to NTT Docomo.
The transaction is set for completion by October 2025, pending regulatory approvals and tender offer settlement.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.