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Aug 19, 2024 | 
asia.nikkei.com | Hideki Shinohara |Akira Yamashita
TOKYO/LONDON -- Seven & i Holdings, the operator of 7-Eleven convenience stores, has received a takeover offer from Canadian convenience store giant Alimentation Couche-Tard, in what could potentially be the biggest-ever foreign takeover of a Japanese company. Seven & i has set up a committee that has begun scrutinizing the proposal, including the valuation, multiple sources with knowledge of the matter told Nikkei.
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Aug 19, 2024 | 
asia.nikkei.com | Hideki Shinohara |Akira Yamashita
TOKYO/LONDON -- Seven & i Holdings, the operator of 7-Eleven convenience stores, has received a takeover offer from Canadian convenience store giant Alimentation Couche-Tard, in what could potentially be the biggest-ever foreign takeover of a Japanese company. Seven & i has set up a committee that has begun scrutinizing the proposal, including the valuation, multiple sources with knowledge of the matter told Nikkei.
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Jun 17, 2024 | 
asia.nikkei.com | Akira Yamashita
LONDON -- U.K. hedge fund Palliser Capital will remain invested in Japan's Keisei Electric Railway even if shareholders vote down its proposal for the train company to pare its stake in Tokyo Disney Resort operator Oriental Land, the fund's founder told Nikkei. Palliser, which owns less than 2% of Keisei, is calling for the company to reduce its interest in Oriental Land to less than 15% by the end of March 2026.
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Jun 6, 2024 | 
asia.nikkei.com | Masayuki Shikata |Akira Yamashita
TOKYO/LONDON --U.S. activist hedge fund Elliott Management is pressuring SoftBank Group to reward shareholders now that the Japanese investment powerhouse has shored up its finances, according to sources familiar with the matter. Elliott has built up a stake worth more than $2 billion and is pushing the company to conduct a $15 billion stock buyback, according to sources.
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Jun 5, 2024 | 
asia.nikkei.com | Akira Yamashita
DOHA -- Qatar Investment Authority sees Japan as a "key market" and continues to seek new opportunities there, the head of Asia-Pacific investments for the fund told Nikkei. QIA "has more than doubled its investments in Japan" since 2021, when it opened a Singapore office as a base for expanding in Asia, Abdulla Ali al-Kuwari said in an interview.
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May 11, 2024 | 
asia.nikkei.com | Masayuki Shikata |Akira Yamashita
ArrowArtboardCreated with Sketch. ArtboardCreated with Sketch. Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintTechnologySoftBank's Arm plans to launch AI chips in 2025CEO Son seeks to invest $64bn, including in data centers and robotics SoftBank Group CEO Masayoshi Son is planning a 10 trillion yen investment blitz in AI chips, robotics, data centers and more.
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Apr 29, 2024 | 
asia.nikkei.com | Kenji Asada |Akira Yamashita
NEW YORK/LONDON -- U.S. hedge fund Elliott Management has acquired a stake in Japanese trading house Sumitomo Corp. worth tens of billions of yen (10 billion yen equals $64 million), in a possible prelude to an activist shareholder push, a person familiar with the matter said. Sumitomo's market capitalization was around 4.8 trillion yen based on its closing price Friday. Assuming Elliott acquired 10 billion yen in shares, its stake in the company would reach about 0.2%.
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Feb 29, 2024 | 
asia.nikkei.com | Shiori Goso |Kosuke Takami |Akira Yamashita
SAO PAULO/LONDON -- As Group of 20 finance ministers meet in Brazil, divisions within the G20 have allowed Russia to maintain a high level of economic growth since its invasion of Ukraine by trading with China, India and other members. Russia's real gross domestic product rose 3.6% in 2023 by an official preliminary estimate.
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Feb 21, 2024 | 
asia.nikkei.com | Akira Yamashita
LONDON -- Japan's Mitsui Sumitomo Insurance plans to roughly double its insurance underwriting capacity in the U.K. to 3 billion pounds ($3.78 billion) within five years, the company's chief told Nikkei in an interview. British subsidiary MS Amlin, which operates in the Lloyd's of London insurance market, has regained financial footing, according to Mitsui Sumitomo CEO and President Shinichiro Funabiki.
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Feb 5, 2024 | 
asia.nikkei.com | Akira Yamashita
LONDON -- Activist investor Elliott Management has taken a stake of over 2% in Mitsui Fudosan and is urging the Japanese developer to sell its interest in Tokyo Disney Resort operator Oriental Land, it was learned Monday. Mitsui Fudosan should use the proceeds from the sale to conduct a 1 trillion yen ($6.74 billion) share buyback, the U.S.-based investment fund has proposed, according to a source familiar with the situation.
