Chris Gallagher
Stories by Chris Gallagher
Nissan to sell car battery unit to China’s Envision Group
This comes after Nissan cancelled a potential $1 billion sale of the unit to GSR Capital last month, saying the Chinese firm lacked the funds to mak
SoftBank to buy $2b of Yahoo Japan shares from Altaba
After the transactions, the stake held by SoftBank Group and its units will rise to 48.17% from 42.95% now, and Altaba will have about 27%.
SoftBank’s Japanese telecom unit applies for Tokyo listing
The move was expected after the conglomerate said this year it was making preparations for a listing.
Nissan cancels potential $1b sale of battery business to China’s GSR Capital
Nissan had planned to take full control of the business before the sale to GSR, buying the combined 49 percent minority stake held by NEC Corp and one
Japanese marketplace app Mercari plans to raise $1.1b in Tokyo IPO
The company will sell up to $1.1 billion in shares and have a market value of $3.3 billion.
Japan’s state-backed fund INCJ, others to trim stake worth $3b in Renesas
INCJ will reduce its stake to 33.4 percent from 45.6 percent.
Fujitsu agrees to sell majority stake in mobile phone unit to Polaris
The Japanese company said it would retain a 30% stake in the unit, Fujitsu Connected Technologies, after the sale.
Japan’s Asahi considering selling stake in Tsingtao Brewery
Asahi has said it would restructure its operations in Southeast Asia and China.
Bain Capital says aims to buy Japan ad agency Asatsu-DK for $1.35b
The buyout will be cancelled if Bain fails to buy a stake larger than 50.1%.
Japan govt launches $12b follow-up sale of Japan Post Holdings shares
The sale - the first since its postal and financial giant’s mammoth IPO in 2015 which also raised about $12 billion - also comes in the wake of M&A
