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BRIEF-Nitori Holdings to purchase 34 pct stake of Gunma based company for 23,300 mln yen
April 28, 2017 / 6:10 AM / 5 months ago

BRIEF-Nitori Holdings to purchase 34 pct stake of Gunma based company for 23,300 mln yen

April 28 (Reuters) - Nitori Holdings Co Ltd:

* Says it will purchase 445,207 shares of a Gunma-based company, which is engaged in the sales and leasing of used house, for 23,300 million yen in all

* Says it will hold 34 percent stake in the Gunma-based company, up from 0

* Effective date in late May

* Says it has also signed a business alliance with the Gunma-based company, to work together on service, product and network improvement, as well as reform cost control

Source text in Japanese: goo.gl/EmPtEW

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