Snow Brand Milk Products Co. said Friday it will sell 18.34 million shares in its wholesale subsidiary, Yukijirusi Access Inc., to six companies including Itochu Corp. at the end of the month for some 13.7 billion yen.

The deal will reduce Snow Brand’s ownership in the subsidiary to 51.7 percent from 86.7 percent, it said.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.