Brief: Nishi-Nippon Railroad to cancel capital alliance with Marukyou; business alliance remains effective

Nishi-Nippon Railroad

21/10/2016 08:29

Oct 21 (Reuters) - Nishi-Nippon Railroad Co Ltd  9031.T  : 
     
    * Says it plans to cancel capital alliance with Marukyou Co 
Ltd, and to sell entire owning 10 percent stake of shares (1.6 
million shares) in Marukyou to Retail Partners Co., Ltd 
    * Capital alliance's cancellation effective on Nov. 21 
    * Says two entities' business alliance on supermarket 
business, remains effective 
     
    Source text in Japanese: https://goo.gl/gMvTmC 
    Further company coverage: 9031.T  
 
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