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Deals

SoftBank's Fortress Investment to buy Accordia Golf for $3.5 billion -Nikkei

FILE PHOTO: A golfer blasts out from a bunker at Accordia Golf's Narashino Country Club King & Queen Course in Inzai, east of Tokyo June 11, 2007. REUTERS/Toru Hanai (JAPAN)

TOKYO (Reuters) - SoftBank Group’s Fortress Investment Group plans to buy unlisted Japanese golf course operator Accordia Golf for about 400 billion yen ($3.50 billion), the Nikkei business daily said on Tuesday.

Accordia is owned by private equity firm MBK Partners.

($1=114.1800 yen)

Reporting by Chang-Ran Kim; Editing by Clarence Fernandez

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