SMFG announces subsidiary share exchange; SMFG stock trades at EUR 22.90
Published on 10/03/2026 at 12:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Sumitomo Mitsui Financial Group, Inc. announced on September 29, 2026, that it had decided to proceed with a share exchange involving SMBC Nikko Securities Inc. and a wholly owned preparatory company, according to the company’s release. SMFG stock was EUR 22.90 in weekend trading at Lang & Schwarz at 12:58 p.m. CEST on October 3, 2026, unchanged from the EUR 22.90 close at Lang & Schwarz on October 2, 2026.
Weekend trading at Lang & Schwarz
The quoted price was EUR 22.90, with a bid of EUR 22.80 and an ask of EUR 23.00. The change was 0.00 percent versus the EUR 22.90 close at Lang & Schwarz on October 2, 2026. The further course of weekend trading at Lang & Schwarz until 1:00 p.m. CEST is shown by the continuously updated real-time quote of SMFG stock.
Last Xetra trading day
The last Xetra trading day’s reference close at Lang & Schwarz was EUR 22.90 on October 2, 2026. The October 3, 2026 quote was recorded during the weekend period, when Xetra was closed.
Share exchange plan
SMFG said SMBC Nikko and SMBC Nikko Securities Holdings Establishment Preparatory Company, Inc. were expected to enter into a share exchange agreement on September 30, 2026. The planned exchange was expected to take effect on October 1, 2026. Under the structure, the preparatory company would become the parent of SMBC Nikko, which would become its wholly owned subsidiary and an indirect subsidiary of SMFG. The preparatory company was expected to change its name to SMBC Nikko Securities Holdings Inc. SMFG’s release said one share of the preparatory company would be issued to SMFG in exchange for the transfer of 200,002 SMBC Nikko shares.
Next Xetra session
The next Xetra session is scheduled for October 5, 2026. The company announcement does not provide a forecast for the stock’s next session.
