Japan's SBI Holdings ups stake in Shinsei Bank ahead of taking it private

Japan's SBI Holdings ups stake in Shinsei Bank ahead of taking it private

The Shinsei Bank logo is pictured at the lobby of the bank in Tokyo October 22, 2010. REUTERS/Yuriko Nakao

Japanese online financial conglomerate SBI Holdings Inc said on Saturday it has raised its stake in SBI Shinsei Bank to 53.74% by just 3.7 points through a tender offer as a step toward taking the midsize lender private.

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