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Maruetsu Inc, Kasumi, Aeon and Marubeni to consolidate supermarket operations

Monday, 19 May 2014 02:00am EDT 

Maruetsu Inc, Kasumi Co Ltd, Aeon Co Ltd and Marubeni Corp:To consolidate supermarket business in Tokyo Metropolitan area.Maruetsu, Kasumi and Aeon's subsidiary Maxvalu Kanto will form holding company by March 2015.Aeon and Marubeni will establish a special purpose company to hold over 50 pct of outstanding in the holding company, which will start listing in Tokyo Stock Exchange from March 2015.Maruetsu and Kasumi will be delisted from stock exchange in Feb. 2015.