Japan's SBI Holdings to take SBI Shinsei Bank private

Japan's SBI Holdings to take SBI Shinsei Bank private

Dotonbori, Chuo Ward, Osaka, Japan. Photo by Richard Tao on Unsplash.

Japan’s SBI Holdings Inc plans to take SBI Shinsei Bank private by spending about 150 billion yen ($1.11 billion) to buy around a 25% stake through a tender offer, the Nikkei business daily reported on Friday.