SBI Regional Bank Holdings Co., Ltd. agree to acquire additional 1.2% stake in Shinsei Bank, Limited (TSE:8303) on October 11, 2022. Under the terms of transaction, SBI Regional Bank will acquire 2,500,000 shares of Shinsei Bank. SBI Regional Bank already owns 99,659,999 common shares of Shinsei Bank and post completion it will own 50.05% stake in Shinsei Bank.

Transaction is expected to close during October 12, 2022 - March 31, 2023.