Sumitomo Mitsui leasing unit to buy property manager Kenedix for $1.3b

Sumitomo Mitsui leasing unit to buy property manager Kenedix for $1.3b

Sumitomo Mitsui Finance and Leasing Co has agreed to buy a majority stake in Japanese property investor Kenedix Inc for 132 billion yen ($1.3 billion) to expand its property business, the companies said on Friday.