Japan's Genki Sushi, Sushiro to merge -source
29/09/2017 02:49
TOKYO, Sept 29 (Reuters) - The owner of Japan's restaurant
chain Genki Sushi Co 9828.T will buy a one-third stake in
bigger rival Sushiro Global Holdings Ltd 3563.T from private
equity firm Permira PERM.UL , a person with direct knowledge of
the deal said.
Permira, which bought Sushiro in 2012, will sell the stake
to Genki Sushi owner Shinmei Co, said the person, asking not to
be identified because he is not authorised to speak to media.
Shinmei will merge Sushiro with Genki Sushi, the person
said.
A Permira official declined to comment on the sale, which
was first reported by the Nikkei business daily on Friday.
Sushiro and Genki Sushi said in separate statements they
were discussing the reported transaction at a board meeting on
Friday.
(Reporting by Junko Fujita; Editing by Chang-Ran Kim)
((813-6441-1840, junko.fujita@thomsonreuters.com, Reuters
Messaging:junko.fujita.reuters.com@reuters.net;))
Keywords: JAPAN SUSHI/M&A