As a way to accelerate efforts to repay its debts, Daiei Inc., the country’s leading supermarket chain operator, plans to sell its stake in publishing firm Recruit Co., top officials of the firm said Tuesday.
Daiei owns a 35.2 percent stake in Recruit. By selling at least some of its shares, Daiei hopes to trim massive interest-bearing liabilities totaling 2 trillion yen for its group.
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