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Petal to the metal

10 September 2021 By Jennifer Hughes, Pete Sweeney

Japanese financial group SBI initiated an unsolicited $1.1 bln bid to lift a stake in its rival to 48%. When the buyout baron rescued it 21 years ago, he was branded a vulture. Locals are now daring to shake up boardrooms, and the country’s sluggish banks could use the prodding.

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