Hikari Tsushin, MBK, NEC unit launch $1.7bn buyout for Japan’s Leopalace21

Real estate firm underwent restructuring with help from Fortress Investment Group Leopalace21 halted its core real estate development business for about six years after construction defects came to light in 2018. (Photo by Minamo Ito) TOKYO — Japanese holding company Hikari Tsushin will conduct a tender offer for shares of Leopalace21, it said on Monday, aiming to take the Japanese apartment management company private.

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