Advantage exits Daiei to DB, others
Advantage Partners has sold its entire remaining 11.7% voting stake in Japanese retailer Daiei for around $106 million to Deutsche Securities, an arm of Deutsche Bank, which is holding the stake temporarily for client trading purposes.
Deutsche Securities has already indicated it is not holding the stake for strategic purposes. Advantage originally took a 23.4% stake in Daiei in 2005 after being selected by the Industrial Revitalization...
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