Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Business deals Lixil to unload home improvement store unit Japanese company narrows focus on core residential building supply business A Super Viva home improvement store near Tokyo: Lixil will unload the retail business to focus more resources on building supplies. (Photo courtesy of Lixil)
Nikkei staff writers June 9, 2020 01:51 JST | Japan
TOKYO -- Japanese building materials supplier
Lixil Group plans to sell its majority stake in an operator of home improvement stores to a domestic peer, Nikkei has learned.
Lixil intends to offload its entire 53% interest in publicly listed
Lixil Viva to Arcland Sakamoto, which will conduct a tender offer anticipated to reach roughly 100 billion yen ($912 million). Take your reading anywhere with offline reading functions Never miss a story with breaking news alerts Customize your reading experience
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