NYSE:JEFCapital Markets
Jefferies Partnership With SMFG Sparks Stake Purchase And Valuation Questions
Sumitomo Mitsui Financial Group has acquired a significant stake in Jefferies Financial Group (NYSE:JEF) through open market purchases.
The deal includes a board seat for Sumitomo Mitsui Financial Group's Deputy President at Jefferies.
This move deepens an existing partnership between the two financial companies.
Jefferies Financial Group runs a global investment banking and capital markets business, an area where scale, distribution, and relationships can matter for winning mandates. Large...