TOKYO (Reuters) -Japan’s Sumitomo Mitsui Financial Group (SMFG) is in final talks to take a 10% stake in SBI Holdings, the Nikkei business daily reported on Tuesday, in a transaction likely to cost more than 60 billion yen ($443 million).
The deal, which aims to reinforce their securities businesses domestically, will see SBI issue new shares, Nikkei reported, adding that SBI may also take a small stake in SMFG.
SMFG was not immediately available for comment.
($1 = 135.3300 yen)
(Reporting by Sam NusseyEditing by David Goodman and Andrew Heavens)
