SMBC to Boost Jefferies Stake to 20 Percent Through Share Purchase

Reuters
Feb 12
SMBC to Boost Jefferies Stake to 20 Percent Through Share Purchase

Jefferies Financial Group Inc. announced that Sumitomo Mitsui Financial Group, Inc. (SMBC Group) intends to increase its economic ownership of Jefferies to up to 20% on an as-converted and fully diluted basis. This will be achieved by SMBC purchasing approximately 13 million additional Jefferies common shares in the open market, subject to regulatory approvals. Despite the increased investment, SMBC will continue to hold less than 5% of the voting interest in Jefferies. This move follows previous agreements between the two firms and is part of an ongoing global strategic alliance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jefferies Financial Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260211697530) on February 11, 2026, and is solely responsible for the information contained therein.

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