Yamada Denki to pay more than 4 bln yen for majority stake in Otsuka Kagu - report

YAMADA HOLDINGS

12/12/2019 03:45

TOKYO, Dec 12 (Reuters) - Japanese electronics retailer
Yamada Denki will pay more than 4 billion yen ($36.8 million) to
take a majority stake in furniture seller Otsuka Kagu and make
it a subsidiary, Diamond Online reported Thursday.
    The two companies are in the final stages of striking a
deal, and are set to make an announcement this week, the
magazine said.

 (Reporting by Kevin Buckland; Editing by Clarence Fernandez)
 ((Kevin.Buckland@thomsonreuters.com;))