Sony Estimates 20.6% Asset Distribution for Financial Services Spin-Off

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Sony Group (TYO:6758) said the proportion of assets to be distributed in its partial spin-off of Sony Financial Group Inc. is expected to be 0.206, according to a Wednesday filing on the Tokyo Stock Exchange.

The spin-off, effective Oct. 1, involves a dividend in kind of SFGI shares to Sony shareholders. The proportion will determine the acquisition cost per share for Japanese tax purposes and is not expected to change before the distribution takes effect. Notifications to shareholders are expected around early November.

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