TOKYO -- Sumitomo Mitsui Financial Group is set to invest more than 120 billion yen ($810 million) in U.S. investment bank Jefferies Financial Group, Nikkei has learned, raising its stake to 20% from 14.5%.
Business deals
Sumitomo Mitsui to invest additional $810m in US-based Jefferies
Japanese bank to increase stake to 20% as it seeks to boost presence in M&A
Sumitomo Mitsui Financial Group will restructure its securities business for the first time in about eight years. © Reuters
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