NTT Docomo to acquire 65.81% stake in SBI Sumishin Net Bank from SBI for JPY420bn.

Synopsis

NTT Docomo, a company specializing in mobile telecommunications, agreed to acquire a 65.81% stake in SBI Sumishin Net Bank, a company focused on internet banking services, from SBI, a financial services company, for JPY420bn ($2.9bn).

Principals

target

Sbi Sumishin Net Bank

bidder

Ntt Docomo

Show Details & Financials

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Market Context

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Seller Team (1)

noriaki maruyama

CEO at SBI SUMISHIN NET BANK

Manager

target

Deal

£ 2.15 B

Total Value

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