TOKYO (dpa-AFX) - PAG, an Asian alternative investment firm, KKR & Co. Inc. (KKR), and Sapporo Holdings Limited (SBW.F, 2501.T), a Japanese alcoholic beverages company, announced on Wednesday that the funds managed by PAG and KKR have inked deals to acquire Sapporo Real Estate Co., Ltd. from Sapporo Holdings.
The acquisition is anticipated to be completed in stages over three years, with the acquisition of the first tranche, representing a 51% stake, expected to be closed on June 1, 2026.
Post transaction, Sapporo Holdings will focus on and further boost its alcoholic beverages business, where it has competitive advantages. The company will also reinvest the proceeds from the sale primarily in growth initiatives within its alcoholic beverages business.
Sapporo Real Estate owns, operates, and develops a portfolio of commercial, office, hotel, and residential assets mainly located in Ebisu, and Sapporo.
Copyright(c) 2025 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2025 AFX News
