JAPAN: Aeon becomes major shareholder in Inageya
Aeon Co, the Japanese supermarket operator formerly known as Jusco, has acquired a 26.1% equity stake in rival Inageya Co for ¥15.7bn (US$126.3m), to become the largest shareholder in the group. Aeon president Motoya Okada revealed to a news conference that Aeon had acquired the stake from Shuwa Corp., a Tokyo-based real estate company. It is planned that Aeon will sell back 11% of its stake to Inageya, but will remain the primary shareholder.
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