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Stock Market & Financial Investment News

News Breaks
April 25, 2012
07:35 EDTSMFGSumitomo Mitsui to buy 24% stake in China Post & Capital, Reuters reports
Sumitomo Mitsui Financial Group (SMFG) will pay an estimated $123M to purchase a 24% stake in Chinese asset management firm China Post & Capital Fund Management from its third and smallest shareholder, Beijing Changan Group, reports Reuters. Reference Link
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September 12, 2014
06:25 EDTSMFGCiti Diners Club attracts attention of banks in Japan, Bloomberg says
Citigroup's (C)ís Diners Club card is among some of the firm's resources in Japan that is attracting attention from lenders as the company looks for offers for its retail division in the country, according to Bloomberg, citing people with knowledge of the matter. The sources said that Sumitomo Mitsui (SMFG), Mizuho Financial Group (MFG), Mitsubishi UFJ (MTU), Sumitomo Mitsui Trust and Shinsei Bank are some of the banks that are poised to propose preliminary offers. Reference Link

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