Murakami-linked fund boosts stake in Japan’s Shinsei Bank

08-Dec-2021 Intellasia | Reuters | 5:02 AM Print This Post

A fund backed by activist investor Yoshiaki Murakami raised its stake in Japan’s Shinsei Bank (8303.T), the target of a $1.1 billion takeover bid by SBI Holdings Inc (8473.T).

The Murakami-linked City Index Eleventh fund has been steadily increasing its ownership in Shinsei. The fund along with S-Grant Corp and other investors now hold 9.16 percent from 8.14 percent previously, according to a regulatory filing on Tuesday.

Shinsei said last month it would cancel plans to introduce a poison pill defence aimed to block the takeover bid from online financial conglomerate SBI Holdings.

https://www.reuters.com/markets/deals/murakami-linked-fund-boosts-stake-japans-shinsei-bank-2021-12-07/

 

Category: Japan

Print This Post

Leave a Reply

You must be logged in to post a comment.