Steel Partner further reduces stake in Sapporo to 7.8%
Steel Partners Japan Strategic Fund, the Japanese investment arm of New York-based Steel Partners, has decreased its stake in Tokyo-based brewer Sapporo Holdings from 13.14% to 7.88%, though it remains the largest shareholder of the company.
The fund started the year owning approximately 18.6% of the company, but reduced its stake to 13.14% in October. The divestment comes three years after the firm attempted to take a 66% stake in Sapporo...
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