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EU Clears Sumitomo Mitsui, Jefferies JV

MT Newswires·01/05/2026 06:31:51
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06:31 AM EST, 01/05/2026 (MT Newswires) -- The European Commission on Monday approved the planned joint venture for the Japanese investment banking equity-related services between Japan's Sumitomo Mitsui Financial and US-based Jefferies Financial Group. The regulator concluded that the deal would not raise competition concerns as the venture will have a limited impact on the European Economic Area.