Brief: H2O Retailing signs business and capital alliance with Kansai Super Market Ltd
27/10/2016 07:48
Oct 27 (Reuters) - H2O Retailing Corp 8242.T :
* Says it has signed a business and capital alliance with
Kansai Super Market Ltd 9919.T , on Oct. 27
* Through the business alliance, the two companies will
cooperate on super market business including product purchasing,
new service introduction and store development
* Through the capital alliance, H2O Retailing will purchase
3,200,000 new shares of Kansai Super Market through private
placement, at the price of 1,616 yen per share, or 5,171 million
yen in all
* Effective date Nov. 14
* After the transaction, H2O Retailing will hold 10.0
percent stake in Kansai Super Market, up from 0 percent
Source text in Japanese: https://goo.gl/kAfdQm
Further company coverage: 8242.T 9919.T
(Beijing Headline News)
((Beijing.HeadlineNews@thomsonreuters.com; +86 010 62674724;
Reuters Messaging: ying.zhao.reuters.com@reuters.net))