SBI Holdings, Inc. today announced that SBI Ventures Two Co., Ltd., a consolidated subsidiary of the company, will acquire shares of Solaris SE, to make it a consolidated subsidiary.

The Company group has invested in Solaris SE through the funds it manages and its subsidiary since 2017. Solaris SE has a technology platform that provides embedded finance, a banking license in Europe, and business assets such as partnerships with the All German Automobile Federation (ADAC), and the Boerse Stuttgart Group, the sixth largest exchange group in Europe with strengths in the digital asset area.

The Company believes that making Solaris SE a consolidated subsidiary will enable maximization

of synergies and further enhancement of corporate value of both companies, and has decided to acquire additional shares of Solaris SE.

SBI Ventures Two plans to acquire Solaris SE’s shares through a third-party allotment of Solaris SE’s shares, which is scheduled to take place from February 2025 onwards, and will also acquire Solaris SE’s shares from all existing shareholders except the Company group.

The share acquisition is subject to approval of the transfer of control procedure by the German Federal Financial Supervisory Authority and other authorities.

The impact on the Company’s future business performance is currently under scrutiny.