TYO:4676

3 stories mentioning TYO:4676Updated just now

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Update: Market Chatter: Blackstone, Bain Capital Advance to Second Round of Bidding for Fuji Media's Sankei Building

(Updates to mention Seibu Holdings and BGO in the fourth paragraph, and to add Seibu's statement in the same line)Investment giants Blackstone and Bain Capital have moved on to the second round of bidding for Sankei Building, the real estate unit of Japan's Fuji Media Holdings (TYO:4676), Bloomberg reported Thursday, citing people familiar with the matter.The sale of Sankei Building could be Japan's largest-ever property deal with an estimated value of 1 trillion yen, the report said.Over 15 firms submitted initial bids for Sankei Building, including KKR & Co. and Goldman Sachs Group Inc.Seibu Holdings (TYO:9024) and Canada's BGO were also reported to have progressed to the second round. However, Seibu released an official statement, clarifying that it had not announced submitting any bid.Blackstone, Bain Capital, BGO, Fuji Media, and Sankei Building did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:4676TYO:9024

Asia3h ago

Market Chatter: Blackstone, Bain Capital Advance to Second Round of Bidding for Fuji Media's Sankei Building

Investment giants Blackstone and Bain Capital have moved on to the second round of bidding for Sankei Building, the real estate unit of Japan's Fuji Media Holdings (TYO:4676), Bloomberg reported Thursday, citing people familiar with the matter.The sale of Sankei Building could be Japan's largest-ever property deal with an estimated value of 1 trillion yen, the report said.Over 15 firms submitted initial bids for Sankei Building, including KKR & Co. and Goldman Sachs Group Inc.Blackstone, Bain Capital, Fuji Media, and Sankei Building did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:4676

Asia21d ago

Fuji Media Confirms Evaluation of Outside Capital for Real Estate Unit, Says No Official Decision on Reported Bids

Fuji Media (TYO:4676) said it is evaluating the method, scale, timing, and other details for introducing outside capital into its Urban Development, Hotels & Resorts Segment, in response to media reports.The company said it has not officially unveiled any of the reported figures, after a Bloomberg News report claimed more than 15 bidders, including KKR, Blackstone, and Goldman Sachs, submitted offers last month, some exceeding 1 trillion yen.That reported amount far surpasses the 500 billion yen to 800 billion yen valuation originally estimated when the broadcaster first considered the deal earlier this year, Bloomberg reported, citing people familiar with the matter.Fuji Media plans to reopen the first bidding round by mid-June to verify the feasibility of proposals, including funding certainty, the news wire said.

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