KDDI may place part of J:Com stake with trust - report

Wednesday 10 February 2010 | 14:10 CET | News
Japanese operator KDDI is planning to place part of the 37.8 percent stake in cable operator J:Com it's buying from Liberty Global with a bank trust, in order to keep its stake below one-third and not violate the Financial Instruments and Exchange Law. The firm is expected to make an official decision at a board meeting 12 February, The Nikkei reported without naming its sources. Late last month, KDDI announced it would acquire the 37.8 percent interest for JPY 361.7 billion. The Financial Services Agency urged KDDI to change the plan, saying that obtaining more than a third of the voting

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Categories: Fixed
Companies: J:Com / KDDI / Liberty Global / Sumitomo
Countries: Japan
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