Simultaneously, Shinsei says it will raise Ñ50 billion through the issue of 117.6 million new shares at the same price as the tender offer. The new shares will also be sold to the tender offeror JC Flowers JCF and JCF's co-investors, Swiss Re and Grupo Santander. Following the transaction, the buyers will hold 32.6% of Shinsei. The total consideration for both offers amounts to Ñ202 billion $1.8 billion.
J Christopher Flowers, the former Goldman Sachs banker...
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