Nomura Principal Finance to Sell Stake in Millennium Retailing, Holding Company of Sogo Co. and Seibu Department Stores.Tokyo, Japan, Dec 26, 2005 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - Nomura Holdings Nomura Holdings, Inc. (TYO: 8604 SGX: N33 NYSE: NMR) (野村ホールディングス株式会社) is a Japanese financial holding company. Holdings
TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 8604) today announced that wholly-owned subsidiary Nomura Principal Finance would sell its 65.54 percent stake in Millennium Retailing, Inc. to Seven & I Holdings Co., Ltd. on January 31, 2006. This decision, which follows an agreement between Seven & I Holdings and Millennium Retailing to integrate management, will see Nomura Principal Finance transfer its entire stake for 131.1 billion yen in cash. Nomura Principal Finance's current stake in Millennium Retailing is the result of two past investments totalling 50 billion yen. On July 1, 2004, Nomura Principal Finance purchased 20 million newly-issued shares, resulting in ownership of 50.06 percent of Millennium Retailing's voting rights Voting rights The right to vote on matters that are put to a vote of security holders. For example the right to vote for directors. voting rights The type of voting and the amount of control held by the owners of a class of stock. . Subsequently, on January 31, 2005, Nomura Principal Finance exercised previously acquired stock acquisition rights to purchase an additional 30 million shares of Millennium Retailing common stock. Based in Tokyo, Millennium Retailing is the holding company of Sogo Co., Ltd. and Seibu Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , Ltd., both of which operate department stores across Japan. Copyright [c] 2005 Japan Corporate News Network. All rights reserved. |
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