SBI Holdings to Acquire Majority Stake in Solaris SE For 70 Million Euros

MT Newswires Live

01-29

SBI Holdings (TYO:8473) subsidiary SBI Ventures Two plans to acquire additional shares in Berlin-based Solaris SE, making it a consolidated subsidiary, according to a Tuesday filing on the Tokyo Stock Exchange.

The acquisition, valued at 70 million euros, will raise SBI's stake to 86.7%.

SBI has invested in Solaris since 2017. Solaris provides embedded finance services with a European banking license and partnerships with organizations like ADAC and Boerse Stuttgart Group.

Share transfers are set to begin in February.

Price (JPY): $4342.00, Change: $+190, Percent Change: +4.60%

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