Acquisition of Nippon Credit Bank Completed
Today, the consortium consisting of SOFTBANK CORP.; ORIX Corporation; Tokio Marine and Fire Insurance Co., Ltd.; and the other shareholders listed below completed its acquisition of the Nippon Credit Bank, Ltd. (NCB) in accordance with the agreement for the transfer of shares concluded on June 30, 2000 between the consortium, the Deposit Insurance Corporation of Japan (DIC), and NCB. All outstanding shares of NCB were transferred from the DIC to the consortium, thereby completing the procedures necessary for the full transfer of NCB.
We would like to take this opportunity to express our gratitude for the support received from various quarters that has led to this transfer. It is the intention of the consortium to re-create NCB as a new financial institution and to make the maximum effort to establish it as a bank committed at all times to serving the needs of its customers.
| Shareholder | Equity Ratio |
|---|---|
| Total | 100.00% |
| SOFTBANK CORP. | 48.88% |
| ORIX | 14.99% |
| Tokio Marine and Fire | 14.99% |
| Cerberus | 5.01% |
| Pacific Capital Group | 4.01% |
| Lehman Brothers | 2.50% |
| Chase Manhattan | 0.50% |
| UBS | 0.50% |
| Silicon Valley Bank | 0.25% |
| Regional banks, etc.(96 banks) | 8.37% |
-
Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank Group Corp. or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties that may cause actual results and future developments to differ materially from those expressed or implied by such statements. Please read legal notices in its entirety prior to viewing any information available on this website.
