Jefferies and SMFG deepen ties with increased stake
TL;DR Summary
Sumitomo Mitsui Financial Group is planning to increase its stake in Jefferies to about 20%, deepen its partnership, and collaborate on equity research and trading, as part of its US expansion and strategic alliance to boost cross-border investment banking activities.
Topics:top-news#business#investment-banking#japan-us-partnership#jefferies#stake-increase#sumitomo-mitsui-financial-group
- Jefferies Said to Approve SMFG’s Plan to Raise Ownership to 20% Bloomberg.com
- US investment bank Jefferies agrees to Japan’s SMFG raising stake to 20% Financial Times
- Exclusive | Jefferies Deepens Ties With Japan’s Sumitomo Mitsui The Wall Street Journal
- Japan's SMBC raises stake in Jefferies to 20% Yahoo Finance
- Sumitomo Mitsui to invest additional $810m in US-based Jefferies Nikkei Asia
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