U.S. private equity firm J.C. Flowers & Co LLC is seeking a buyer for a 20 percent stake in mid-sized Japanese lender Shinsei Bank (8303.T), the Financial Times reported on Tuesday, citing people with direct knowledge of the matter.
The stake is worth about 100 billion yen ($895 million) based on current share prices.
A group of investors led by J.C. Flowers is the bank’s largest shareholder with a 21.4 percent stake. The Japanese government also owns 18 percent.
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