Blackstone and Bain Capital are among the firms to have advanced to the second round of bidding for Fuji Media Holdings’ real estate subsidiary, Sankei Building, according to a report by Bloomberg.
Seibu Holdings and Canadian real estate investor BGO have also reportedly progressed to the next stage of the process, with indicative valuations reported to be around ¥1tn ($6.3bn). If completed at that level, the transaction would be the largest in Japan’s history.
The second round of the sale proce...
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