Following the withdrawal of Shinsei Bank's takeover defense measures, SBI Holdings has decided to proceed with a takeover bid for TOB (Tender Offer) with the aim of acquiring de facto management rights.
However, Shinsei Bank still has 349 billion yen of public funds that were once invested by the government, and the challenge is how to pave the way for repayment through expanding collaboration with SBI.
Shinsei Bank announced on the 24th that it will cancel the extraordinary general meeting of shareholders, and withdrew the takeover defense measures to prevent the takeover bid by SBI.
SBI aims to take over the de facto management by buying up to 48% of Shinsei Bank's shares in the TOB by the 8th of next month.
It was said that the TOB would be withdrawn if the takeover defense measures were activated, but due to the policy change of Shinsei Bank, the TOB will be promoted.
In addition, Shinsei Bank will retire from its current management team by early February next year, and will appoint Hirofumi Gomi, the former Commissioner of the Financial Services Agency, who is recommended by SBI, as a director. I will try to.
However, a large amount of public funds were invested from the national government, including the former Long-Term Credit Bank of Japan, which was the predecessor of Shinsei Bank, but even now, more than 20 years later, it is the only major bank that has not been able to repay it, and 349 billion yen has been invested. remain.
For this reason, the issue is how to pave the way for repayment of public funds through expanding collaboration with SBI.