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Mitsubishi Heavy to sell stake in subsidiary's real estate ops to JR West

( November 1, 2016, 03:02 GMT | Official Statement) -- MLex Summary: Mitsubishi Heavy Industries will sell a major portion of its real estate operations to West Japan Railway Co, known as JR West, for 97 billion yen ($925 million). Mitsubishi will spin off the real estate business of subsidiary Ryoju Facility & Properties as another company and sell a 70 percent stake in that new company to the railroad operator. Mitsubishi Heavy's statements are attached. ...

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