Sumitomo Mitsui CEO Jun Ohta still looking for more acquisition targets
The head of Japan’s second-largest lender is seeking to broaden services across Asia, acquiring commercial banks and consumer-finance companies.
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The head of Japan’s second-largest lender is seeking to broaden services across Asia, acquiring commercial banks and consumer-finance companies.
Sumitomo Mitsui announced a raft of deals this year
The ultimate goal is to create a second and third SMBC group, its chief executive said. . Read more at straitstimes.com.
(Bloomberg) -- After spending more than $3.3 billion on deals in Asia this year, Sumitomo Mitsui Financial Group Inc. Chief Executive Officer Jun Ohta said he’s far from completing his ambitions in the region and will weigh more transactions in the future.
Sumitomo Mitsui Financial Group Inc (SMFG) says it has completed the purchase of a 74.9% stake in Fullerton India Credit Co Ltd from Fullerton Financial Holdings Pte Ltd, a subsidiary of a Singapore-based investment company Temasek