Page 12 - Jun Ohta News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Reuters Staff (Adds investment amount, background) TOKYO, April 28 (Reuters) - Sumitomo Mitsui Financial Group Inc will invest up to 150 billion yen ($1.38 billion) in Vietnam’s biggest non-bank lender FE Credit, a spokesman said on Wednesday, as part of a strategy to look beyond a slow-growing domestic market. SMFG, Japan’s second biggest lender by assets, said in a statement its consumer finance unit would acquire a 49% stake in FE Credit. The Vietnamese firm’s valuation was $2.8 billion, its parent company said in a separate statement. The deal, which was reported by the Nikkei ne...

December 23, 2020 | 12:03 am Font Size AAA SUMITOMO Mitsui Financial Group, Inc. is looking to buy an Asian bank and team up with a global lender on US dealmaking. SUMITOMO MITSUI Financial Group, Inc. is seeking to buy an Asian lender and team up with a global investment bank on US dealmaking, signaling its expansion plans remain undeterred by the pandemic. Japan’s second-biggest bank is “studying specific targets” in Vietnam, the Philippines and India, Chief Executive Officer Jun Ohta said in an interview. It wants to find a partner to underwrite equity and bond sales in the...

Sumitomo Mitsui on Hunt for Asian Bank, U.S. Deals Partner Bloomberg 12/22/2020 Taiga Uranaka and Yuki Hagiwara (Bloomberg) -- Sumitomo Mitsui Financial Group Inc. is seeking to buy an Asian lender and team up with a global investment bank on U.S. dealmaking, signaling its expansion plans remain undeterred by the pandemic. Japan’s second-biggest bank is “studying specific targets” in Vietnam, the Philippines and India, Chief Executive Officer Jun Ohta said in an interview. It wants to find a partner to underwrite equity and bond sales in the U.S. and elsewhere, after t...

Dec 22, 2020 Sumitomo Mitsui Financial Group Inc. is seeking to buy an Asian lender and team up with a global investment bank on U.S. dealmaking, signaling that its expansion plans remain undeterred by the pandemic. The nation’s second-biggest bank is “studying specific targets” in Vietnam, the Philippines and India, Chief Executive Officer Jun Ohta said in an interview. It wants to find a partner to underwrite equity and bond sales in the U.S. and elsewhere, after the lender was unable to make the most of a corporate financing boom this year, Ohta said. The plans underscore ho...

Sumitomo Mitsui Financial Group is allegedly going to acquire Asian banks in Vietnam, the Philippines, or India. Vietnam is in the mix for the potential choices considered by Sumitomo Mitsui Financial Group for its bank acquisition Japanese megabank Sumitomo Mitsui Financial Group Inc. (SMFG) is allegedly planning to acquire an Asian lender, specifically in Vietnam, the Philippines, and India. Accordingly, the bank will co-operate with a global investment bank on US dealmaking activities, according to Bloomberg. According to SMFG CEO Jun Ohta, the banking giant is seeking a partner to und...