Elliott Management targets Japan's biggest property group Mitsui Fudosan - FT

Mitsui Fudosan Co

05/02/2024 02:41

Feb 5 (Reuters) - U.S. activist fund Elliott Management
called on Japan's biggest property group Mitsui Fudosan  8801.T 
to launch a 1 trillion yen ($6.74 billion) buyback, the
Financial times reported on Monday.
    Elliott's demands include the company sell down its $3.6
billion stake in Oriental Land, which runs Tokyo Disneyland, the
report said, citing people close to the fund and Mitsui Fudosan.
 
 ($1 = 148.4600 yen)

 (Reporting by Disha Mishra in Bengaluru; Editing by Savio
D'Souza)
 ((Disha.Mishra@thomsonreuters.com;))