Retail giant Aeon will raise its stakeholding in Japanese supermarket chain Inageya from 17 percent to over 50 percent, making Inageya its subsidiary.
The merger would strengthen Aeon’s presence in the Tokyo metropolitan area, where Inageya has about 270 stores.
The Japanese group aims to make digital-related investments and procurement of goods more cost-effective through the stake increase.
The value of the acquisition has yet to be disclosed.
Upon the transaction’s completion next year, Inageya is expected to be delisted.
Aeon will make additional investments in a few years to make Inageya a subsidiary of United Super Markets Holdings, which owns Kasumi Co., Maruetsu Inc, and MaxValu Kanto Co.
Inageya was founded as a fresh fish merchant in Tokyo in 1900 before becoming the city’s major supermarket chain.


Ford and Geely Explore Strategic Manufacturing Partnership in Europe
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
The ghost of Robodebt – Federal Court rules billions of dollars in welfare debts must be recalculated
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Britain has almost 1 million young people not in work or education – here’s what evidence shows can change that
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Why have so few atrocities ever been recognised as genocide?
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing
Thailand Inflation Remains Negative for 10th Straight Month in January
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
Disaster or digital spectacle? The dangers of using floods to create social media content
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
Why financial hardship is more likely if you’re disabled or sick
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Youth are charting new freshwater futures by learning from the water on the water 



