Sumitomo Mitsui Trust Group Inc

8309: XTKS (JPN)
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Sumitomo Mitsui Trust: Keeping Full Stake in SBI Sumishin as NTT Takes Control

Sumitomo Mitsui Trust Group, or SMTG, will retain its 34.2% stake in SBI Sumishin Net Bank, or SSNB, as NTT DoCoMo acquires the remaining 65.8% from SBI Holdings and public shareholders through a tender offer as part of a broader capital and business alliance between NTT and SBI Holdings.

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