TOKYO (Reuters) – Funds backed by activist investor Yoshiaki Murakami sold all of their combined 9.16% stake in Japan’s Shinsei Bank Ltd to SBI Holdings Inc, a regulatory filing showed on Friday.
Online financial conglomerate SBI completed the tender offer for Shinsei a week ago, raising its stake in the mid-sized lender to 47.77% from about 20%.
(Reporting by Makiko Yamazaki; Editing by Christopher Cushing)
