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(Update) Itochu to Fully Own FamilyMart

(Update) Itochu to Fully Own FamilyMart

   Tokyo, July 8 (Jiji Press)--Japanese trading house Itochu Corp. <8001> said Wednesday that it will spend some 580 billion yen to take full control of convenience store operator FamilyMart Co. <8028>.
   After raising its stake in FamilyMart to 100 pct from 50.1 pct at present, Itochu plans to sell 4.9 pct of the shares to the National Federation of Agricultural Cooperative Associations and Norinchukin Bank.

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AFP-JIJI PRESS NEWS JOURNAL


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