Aeon boosts stake in Daiei to 44%
date:Aug 27, 2013
of share acquisition is about 13 billion, Aeon said.

Although Aeon will not have a majority stake, it will be able to make Daiei a subsidiary because a majority of Daiei board members come from Aeon.

On Thursday, Aeon and Daiei launched a special sales event at about 1,000 outlets nationwide to commemorate Daiei becoming an Aeon subsidiary.Supermarket chain Aeon Co. said Thursday it has succeeded in raising its stake in Daiei Inc. to 44.24 percent from 19.89 percent through a tender offer to
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