Softbank Leads Japan Asset Sales to More Than Decade High: ChartBy
Asset sales by Japanese companies have climbed this year to the most in more than a decade, led by SoftBank Group Corp.’s divestment of its stake in Supercell Oy for $8.6 billion. All told, billionaire Masayoshi Son’s mobile phone and Internet investment company announced at least $16.7 billion in asset sales this year to buyers based outside Japan, according to data compiled by Bloomberg. Morgan Stanley leads the league table for 2016 Japan asset sales, advising on about $17.4 billion of the total, followed by Mizuho Financial Group Inc. with $12.3 billion and Bank of America Corp. with $9.1 billion, the data show.
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