Japan railway Keisei should cash in Tokyo Disney shares: U.K. fund

Palliser Capital wants company to free up capital for core investments

20231106N Keisei Disney

Keisei Electric has few business ties with Tokyo Disney despite its large stake in the operating company.  (Source photos by Keisei Electric Railway, Makoto Okada)

NOBUAKI NISHITO, Nikkei staff writer

TOKYO -- Keisei Electric Railway is under pressure from a British investment fund to sell down its more than 60-year-old stake in the company that operates Tokyo Disneyland -- shares worth more than the Japanese rail group itself.

Last month, Palliser Capital, which owns a 1.6% stake in Keisei Electric, released a document describing this value gap as a challenge for the railway.

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