April 27, 2018 / 5:00 AM / 24 days ago

BRIEF-Kobe Steel to sell 75 pct stake in SHINKO REAL ESTATE for 74 bln yen

April 27 (Reuters) - Kobe Steel Ltd

* Says it will sell 70 percent stake in SHINKO REAL ESTATE CO.,LTD. to Tokyo Century Corp and 5 percent stake in SHINKO REAL ESTATE CO.,LTD. to NIPPON TOCHI-TATEMONO Co.,Ltd., for about 74 billion yen in total, effective July 1

* Says it will decrease voting power in SHINKO REAL ESTATE CO.,LTD. to 25 percent from 100 percent

Source text in Japanese:goo.gl/wFtQCL

Further company coverage: (Beijing Headline News)

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