Morningstar Japan K.K. entered into an agreement to acquire additional stakes in SBI Bond Investment Management Co., Ltd and SBI Regional Revitalization Asset Management Co., Ltd from Sbi Global Asset Management Co., Ltd.
November 21, 2019
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Morningstar Japan K.K. (JASDAQ:4765) entered into an agreement to acquire additional stakes in SBI Bond Investment Management Co., Ltd and SBI Regional Revitalization Asset Management Co., Ltd from Sbi Global Asset Management Co., Ltd on November 22, 2019. Under the terms, 4,800 shares will be acquired in SBI Bond Investment Management Co., Ltd representing 80% stake while 2,760 shares will be acquired in SBI Regional Revitalization Asset Management Co., Ltd. representing 46% stake. Morningstar will hold 90% stake in SBI Bond Investment Management and 56% in SBI Regional Revitalization Asset Management post acquisition. The transaction has been approved by the Board of Morningstar on November 22, 2019. The transaction is expected to close on December 24, 2019.
SBI Global Asset Management Co Ltd, formerly Morningstar Japan KK, is engaged in the financial services and asset management businesses. The Company operates its business through two segments. The Asset Management segment provides investment management services, including the establishment, offering, and management of investment trusts, mainly publicly offered additional equity investment trusts and privately placed bond investment trusts, investment advisory services for Fund of Funds and other funds, and consulting services related to defined contribution pension plans. The Financial Services segment provides data solutions and media solutions. The data solutions sells the web-based version of Stock Newspaper, distributes stock price and corporate information, and provides fund analysis reports and stock reports, among others. The Media Solutions provides advertising on the Company's website, marketing consulting, advertising agency services, among others.
Morningstar Japan K.K. entered into an agreement to acquire additional stakes in SBI Bond Investment Management Co., Ltd and SBI Regional Revitalization Asset Management Co., Ltd from Sbi Global Asset Management Co., Ltd.
SBI GLOBAL ASSET MANAGEMENT CO., LTD. 
