Hideyuki Kudo, president of Shinsei Bank, who withdrew the takeover defense measures against the TOB = takeover bid of SBI Holdings, held a press conference on the 25th, saying, "We can agree with SBI by respecting our management policy, and management after the TOB The opacity was wiped out, "he explained the reason for the withdrawal.
Shinsei Bank withdrew its takeover defense measures to prevent the takeover bid by SBI Holdings on the 24th, and canceled the extraordinary general meeting of shareholders scheduled on the 25th.
Hideyuki Kudo, president of Shinsei Bank, held a press conference on the afternoon of the 25th, saying, "By respecting our management policy, we were able to reach an agreement with SBI. The uncertainty of management after the TOB was dispelled, and minority shareholders We were able to confirm that it would not impair profits or corporate value. "
On top of that, regarding the repayment of public funds of 349 billion yen, which is an issue, President Kudo said, "We are very close to repayment in the past management, and in the future, we will pursue a profitable business model in consultation with SBI. I want to go. "
The TOB by SBI Holdings will be held until December 8, after which Hirofumi Gomi, the former Commissioner of the Financial Services Agency recommended by SBI, will be appointed as a new director at the extraordinary general meeting of shareholders to be held in February next year. The current management team will retire.