Keisei Electric Railway and AEON have agreed on a capital and business alliance.
AEON will allocate 0.46% of its treasury shares to Keisei Electric Railway for 15 billion yen. Keisei Electric Railway will acquire shares of approximately the same value from the market.
The companies plan to collaborate on development and real estate projects, as well as in retail, transportation, and financial services. The first project under this partnership involves redeveloping the area around Shin-Tsudanuma Station to create a new landmark.
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