TOKYO -- Japanese railway and hotel operator Seibu Holdings is selling its construction unit for about 40 billion yen ($357 million) in an effort to buttress its finances amid the COVID-induced travel slump, Nikkei has learned.
Companies
Japanese rail group Seibu to sell construction unit amid COVID slump
Company accelerates asset sales as commuters and vacationers stay home
A Seibu rail line: Seibu Holdings has put subsidiary Seibu Construction up for sale.
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