Brief: West Japan Railway to buy 70 pct stake in unit of Mitsubishi Heavy Industries

West Japan Railway

31/10/2016 04:56

Oct 31 (Reuters) - West Japan Railway Co  9021.T  : 
     
    * Says co plans to acquire a 70 percent stake in a 
Tokyo-based real estate agency (target company) which is the 
sub-subsidiary of Mitsubishi Heavy Industries Ltd  7011.T , on 
Feb. 1, 2017 
    * Says transaction amount is 97 billion yen  
    * Mitsubishi Heavy Industries plans to spin off real estate 
and related business to the target firm effect on Jan. 1, 2017 
    * Co will hold a 70 percent stake in the target company up 
from 0 percent  
     
    Source text in Japanese: https://goo.gl/jCrOrP 
    Further company coverage: 9021.T  7011.T  
 
 (Beijing Headline News) 
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Reuters Messaging: Cheng.Li@thomsonreuters.com@reuters.net))