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.
Megabank eyes capital gains by selling company stakes after revitalization
Sumitomo Mitsui Financial Group subsidiary SMBC Capital Partners will invest in companies that need help with corporate revitalization or business succession. © Reuters
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.