trending Market Intelligence /marketintelligence/en/news-insights/trending/6q-sWThqrtXnslEKIX2usw2 content esgSubNav
In This List

77 Bank to make 77 Card wholly owned unit

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Commercial Banking: June 22nd Edition

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy

Blog

Commercial Banking Newsletter June Edition - 2022


77 Bank to make 77 Card wholly owned unit

77 BankLtd. plans to make its affiliate 77 Card Co. a wholly owned unitthrough a share exchange.

The bank said Oct. 7 that the transaction will take placeNov. 11. The exchange ratio was not disclosed.

77 Bank directly holds a stake of 6.06% in 77 Card and astake of 28.28% through consolidated units. The remaining shares are held byseveral companies, including JCB Co. Ltd. and Sumitomo Mitsui Card Co.Ltd.