Brief: Lixil Group Plans To Sell Its Majority Stake In An Operator Of Home Improvement Stores To A Domestic Peer - Nikkei

LIXIL

08/06/2020 18:06

June 8 (Reuters) - Nikkei:
    * LIXIL GROUP PLANS TO SELL ITS MAJORITY STAKE IN AN
OPERATOR OF
HOME IMPROVEMENT STORES TO A DOMESTIC PEER - NIKKEI
    * LIXIL INTENDS TO OFFLOAD ITS ENTIRE 53% INTEREST IN
PUBLICLY
LISTED LIXIL VIVA TO ARCLAND SAKAMOTO - NIKKEI
    * LIXIL'S OFFLOAD OF STAKE IN LIXIL VIVA WILL CONDUCT A
TENDER
OFFER ANTICIPATED TO REACH ROUGHLY 100 BILLION YEN -NIKKEI
    * LIXIL IS EXPECTED TO REAP ABOUT 60 BILLION YEN IN CASH
FROM THE
SALE-NIKKEI

Source text : (https://s.nikkei.com/2MHXJZ0)
Further company coverage:  3564.T 

 ((Reuters.Briefs@thomsonreuters.com;))