Cross - border mergers and acquisitions

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SMBC raises stake in Jefferies to up to 20% with $912 million investment
Yahoo Finance· 2025-09-19 16:19
By Anton Bridge (Reuters) - Japan's Sumitomo Mitsui Banking Corp, the banking arm of Sumitomo Mitsui Financial Group, will invest a further 135 billion yen ($912.84 million) in U.S. investment bank Jefferies, the companies said in a statement on Friday. The move deepens the firms' alliance, which dates from 2021, and comes after SMBC raised its holding in India's Yes Bank this week, as it and other Japanese institutions seek out opportunities overseas. The investment will take SMBC's stake to up to 20% ...