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Article: PHOENIX CAPITAL TO BUY NAGOYA RAILROAD'S SUPERMARKET OPS.
- Article from:
- AsiaPulse News
- Article date:
- April 26, 2005
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TOKYO, April 26 Asia Pulse - Phoenix Capital Co. will acquire the supermarket operations of Nagoya Railroad Co. (TSE:9048) for 4-5 billion yen (US$37.8-47.3 million), The Nihon Keizai Shimbun learned Monday.
The investment fund will form a new company this fiscal year that will take over the operations of Meitetsu Pare Inc., which operates 27 supermarkets and other shops mostly in Aichi Prefecture. Of these, nearly 20 locations will come under the control of the planned firm, which is expected to be majority owned by ...