Keisei Electric Railway Partially Sells Shares in Oriental Land

Keisei Electric Railway Partially Sells Shares in Oriental Land

Keisei Electric Railway has announced the partial sale of its common shares in Oriental Land.

The sale involves 16,395,000 shares, reducing the shareholding ratio by 1% to 21.15%. It will continue to be an equity method affiliate. Mizuho Bank is appointed as the bookrunner, planning to sell primarily to overseas and domestic markets. The sale is expected to result in a special profit from the sale of the affiliated company. Dividend forecasts will also be revised. The proceeds from the sale will be allocated to shareholder returns, investments, and the repayment of interest-bearing debt.

As one of the founding companies and the largest shareholder of Oriental Land, Keisei Electric Railway will continue to discuss further synergistic measures to maximize the long-term corporate value of both companies, even after the sale.

Notice
This article was generated using automatic translation by GPT-4 API.
The translation may not be accurate.