On Tuesday, financial services firm SBI Holdings announced plans to acquire a majority stake in Berlin-based Solaris SE through its subsidiary, SBI Ventures Two.
SBI Holdings to Acquire Majority Stake in Solaris
The move is set to make Solaris a consolidated subsidiary of SBI, marking a significant step in its European financial market ambitions.
Solaris SE operates a platform specialising in embedded finance and holds a European banking licence.
Furthermore, the company has established partnerships with key players such as the All German Automobile Federation (ADAC) and the Boerse Stuttgart Group, known for its expertise in digital assets.
SBI has been an investor in Solaris since 2017 and views this acquisition as an opportunity to maximise synergies and enhance the corporate value of both entities.
The acquisition, scheduled to take place from February 2025 onwards, includes purchasing shares through a third-party allotment and acquiring holdings from existing shareholders. Upon completion, SBI’s stake in Solaris is expected to rise to 86.7%.
The financial impact of the acquisition is currently being evaluated, with SBI expected to provide further updates as details unfold.
