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

Nishimura & Asahi is advising Japanese investment company SBI Holdings on its 154 billion yen ($1.12 billion) takeover bid for its unit SBI Shinsei Bank, which is being represented by Anderson Mori & Tomotsune.

SBI Holdings currently owns a little over 50 percent of Shinsei. With this bid, SBI Holdings aims to buy an additional 27 percent shares in Shinsei Bank, Nikkei reported, adding that SBI Holdings aims to delist Shinsei Bank to focus on repayment of Sninsei’s 350-billion-yen government loan it borrowed after Japan’s bubble economy burst in the 1990s.

Shinsei Bank currently lists on the standard market of the Tokyo Stock Exchange.

Partner Noritaka Niwano led the AMT team.

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

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