SoftBank set to invest in British financing group Greensill – Investing.com

This post was originally published on this site

https://lh3.googleusercontent.com/proxy/N10Mm7Rz6Ja2m2j9td-7Cdzz2a7dT7_X4Oxx0q1vlaU0-0QbsuhSJ_CLF-Fz9n0WvS6nZZ_LJVd1OnwXrRB1yCBsXrznzMkuzBqYWPj2sHNTmN3E=-w150-h150-c
© Reuters. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo

(Reuters) – A prospective deal between SoftBank Group Corp’s Vision Fund and UK-based financing group Greensill Capital could be announced as early as Monday, a city source told Reuters.

SoftBank Vision Fund is investing $800 million in Greensill, which provides supply chain funding to companies, Bloomberg reported on Sunday, citing a person familiar with the matter.

The investment values Greensill at $3.5 billion, Bloomberg reported. The company was founded by former banking executive Lex Greensill in 2011.

The Vision Fund was set up in 2017 and has become the world’s largest technology investment fund. Its investments have included ride-hailing pioneer Uber (NYSE:), chip designer ARM and shared workspace firm WeWork.

A SoftBank spokesman declined to comment.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

This post was originally published on *this site*