Japan's SMFG to pour $1.5bn into helping companies turn around

Megabank eyes capital gains by selling company stakes after revitalization

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Sumitomo Mitsui Financial Group subsidiary SMBC Capital Partners will invest in companies that need help with corporate revitalization or business succession. © Reuters

Nikkei staff writers

TOKYO -- Sumitomo Mitsui Financial Group will pour roughly 200 billion yen ($1.5 billion) within a couple of years into helping struggling companies turn around, Nikkei has learned.

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