SoftBank's stake in Italian firm doValue reduces after shareholder reshuffle

SoftBank's stake in Italian firm doValue reduces after shareholder reshuffle

REUTERS/Issei Kato

A shareholder reshuffle has cut SoftBank Group’s stake in doValue, boosting the free float of Italy’s biggest bad loan specialist and handing a 9.4% holding to hedge fund EJF Investments, a regulatory filing showed.