SMBC raises stake in Jefferies to up to 20% with additional $912 million investment
PositiveFinancial Markets

SMBC has increased its stake in Jefferies to as much as 20% with a significant investment of $912 million. This move highlights SMBC's confidence in Jefferies' growth potential and strengthens their partnership in the financial sector. Such investments are crucial as they not only bolster the companies involved but also signal stability and growth opportunities in the market.
— Curated by the World Pulse Now AI Editorial System