Genki Sushi Co Ltd (9828.T)
15 Dec 2017
* Shares in both Genki Sushi, Sushiro end 4 pct higher (Recasts with official announcement)
* Says parent co of Genki Sushi Co Ltd will acquire 9.5 million shares (32.7 percent stake) of the co, at the price of 4,000 yen per share, from Consumer Equity Investments Limited
TOKYO The owner of Japanese restaurant chain Genki Sushi Co will buy a one-third stake in bigger rival Sushiro Global Holdings Ltd from private equity firm Permira [PERM.UL], a person with direct knowledge of the deal said.
TOKYO, Sept 29 The owner of Japan's restaurant chain Genki Sushi Co will buy a one-third stake in bigger rival Sushiro Global Holdings Ltd from private equity firm Permira, a person with direct knowledge of the deal said.
* Akindo Sushiro, Genki Sushi are to integrate operations; Shinmei to buy 33% stake in Sushiro Global, parent of Akindo, for about 40 billion yen - Nikkei Source text: (http://s.nikkei.com/2xAQYm4) Further company coverage:
* Says it plans to sell its wholly owned Singapore-based subsidiary Genki Sushi Singapore Pte Ltd to Japanese Dining Concepts (Asia) Ltd, with an undisclosed price, in late-August