Sapporo Sells Real Estate to PAG, KKR

Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Marți

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Sapporo Holdings sells real estate business to PAG and KKR for $3.05 billion, focusing on core alcoholic beverages. The deal includes prime properties in Tokyo and Sapporo, with plans to enhance community engagement and sustainability. Sapporos shares surged, and the new owners aim to boost long-term value. This sale aligns with a broader trend in Japan of private equity acquiring non-core assets for improved governance and efficiency.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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