date:Apr 01, 2013
Major supermarket chain Aeon Co. announced Wednesday it will increase its stake in Daiei Inc. and make the smaller supermarket retailer a subsidiary, creating a huge retailing group with combined sales exceeding 6 trillion.
Aeon, which already owns a 19.9 percent stake in Daiei, plans to acquire a further 24.3 percent stake from major trading house Marubeni Corp., which currently holds around 29.3 percent, through a takeover bid to begin early next month, Aeon President Motoya Okada told a news