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Japan telecom NTT Docomo to buy SBI Sumishin Net Bank

( May 29, 2025, 03:12 GMT | Official Statement) -- MLex Summary: Japan's largest mobile carrier NTT Docomo said on May 29 it will launch a tender offer to acquire shares of SBI Sumishin Net Bank starting May 30, with the aim to make the bank a consolidated subsidiary. The offer price is set at 4,900 yen ($34.00) per share with no upper or lower limit on the number of shares to be purchased. Following the deal, Docomo will own 65.8 percent of shares while Sumitomo Mitsui Trust Bank will hold 34.2 percent, and each will have 50 percent voting rights. The acquisition is part of a broader capital and business alliance involving NTT, SBI Holdings, and related entities to strengthen cooperation in the financial sector. The statements, in Japanese, are attached:...

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