Brief: Sumitomo Forestry to fully acquire houses firm for $370 mln

Sumitomo Forestry

27/04/2018 08:38

April 27 (Reuters) - Sumitomo Forestry Co Ltd  1911.T  
    
    * Says it will fully acquire new company to be established
by
Crescent Communities, LLC for $370 million (about 39.3 billion
yen), via Sumitomo Forestry America, Inc., effective June 
    * The new company will be engaged in apartment building
development, business complex development and detached houses
business 

    
    Source text in Japanese:https://goo.gl/fSCNRZ
    Further company coverage: 1911.T 

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