Photo by Jezael Melgoza via Unsplash.
Shinsei is preparing to delist and return $2.43b in public funds.
Japanese online financial conglomerate SBI Holdings now owns 53.74% of SBI Shinsei Bank after a tender offer raised its stake by 3.7 points, reports Reuters.
The completion of the tender offer will help Shinsei return about $2.43b (JPY349b) in public funds as it prepares to delist.
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The Japanese government had bailed out Shinsei two decades ago, and still owns a 22.98% stake.
Read more from Reuters:
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