As a result of the takeover bid for TOB = shares of Shinsei Bank, which was carried out by SBI Holdings, a major online finance company, until the 10th, SBI's holding ratio is expected to reach nearly 48%, which was the upper limit.
SBI's policy is to acquire a majority, and the future focus will be on how to pave the way for the repayment of Shinsei Bank's public funds.
SBI held about 20% of the shares of Shinsei Bank, but has conducted a takeover bid with a deadline of 10 days with the aim of purchasing up to 48%.
According to the people concerned, as a result of the TOB, the SBI ownership ratio is expected to reach nearly 48%.
Shinsei Bank will hold an extraordinary general meeting of shareholders in February next year, appoint Hirofumi Gomi, the former Commissioner of the Financial Services Agency recommended by SBI, as a new director, and President Kudo and other current management teams are scheduled to retire. After that, SBI will effectively take control of Shinsei Bank and bring it under the umbrella of the group.
SBI intends to position Shinsei Bank as the core of the Group's banking business, and plans to acquire a majority stake after obtaining approval from the Financial Services Agency in order to further strengthen its involvement in management.
Shinsei Bank, including its predecessor, the former Long-Term Credit Bank of Japan = Long-Term Credit Bank of Japan, has 349 billion yen of public funds that were once invested from the national government. The future focus will be on whether to turn it on.