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Article: Murakami Fund eyes full control of Hanshin Electric Railway.
- Article from:
- Kyodo News International (Tokyo, Japan)
- Article date:
- October 5, 2005
CopyrightCOPYRIGHT 2005 Kyodo News International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Oct. 5--OSAKA -- An investment fund led by bureaucrat-turned-financier Yoshiaki Murakami is trying to acquire a majority stake in Hanshin Electric Railway Co., sources familiar with the plan said Wednesday.
Hanshin Electric Railway has signed a financial advisory contract with Daiwa Securities SMBC Co. to work out possible measures to be taken against the investment fund, other sources said.
The railway operator said the same day that the so-called Murakami Fund has proposed to the company to list the shares of the Hanshin Tigers professional Japanese baseball club on a stock exchange.
The fund has recently spent about 100 billion yen to acquire ...