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Sumitomo Mulling Investment in Ito-Yokado

Sumitomo Mulling Investment in Ito-Yokado

   Tokyo, Nov. 27 (Jiji Press)--Sumitomo Corp. is considering investing in an intermediate holding company that controls supermarket chain Ito-Yokado Co., people familiar with the matter said Wednesday.
   The Japanese trading house apparently hopes for a synergy effect between the Summit supermarket chain it operates in the Tokyo metropolitan area and Ito-Yokado.

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AFP-JIJI PRESS NEWS JOURNAL


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