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PRINT THIS PAGE Cerberus and Nikko to invest in Seibu Group20/10/2005. Source: AltAssets. 
 Cerberus Asia Capital Management, Nikko Principal Investments Japan and other investors have agreed to inject up to a total of Y160bn ($1.38bn) in Japanese Seibu Group. Cerberus is to become the biggest shareholder, according to various reports.
Seibu Group comprises Seibu Railway Co., Kokudo Corp. and Prince Hotels.
The detailed terms of the transaction, including capital and shareholding ratios, are currently being discussed, according to a statement.
The investor group aims to support the overall restructuring of Seibu Group and to maximise the Group's enterprise value.
False financial statements forced Seibu Railway to delist from the Tokyo Stock Exchange last year.
Copyright © 2005 AltAssets
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