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The Industrial Revitalization Corp. of Japan and Daiei Inc. signed a contract Monday with a consortium led by trading house Marubeni Corp. as the sponsor for rebuilding the struggling retail giant.

The development came after the corporate bailout agency picked the consortium, which includes Japanese fund Advantage Partners Inc., at a meeting Friday of its decision-making Industrial Revitalization Committee.

Marubeni President Nobuo Katsumata told a news conference his company intends to support Daiei from a long-term perspective.

“We are considering raising our stake in Daiei to more than 15 percent and make it one of our affiliates,” he said.

Daiei said its new board will include Daiei board member Yoshiaki Takahashi, 49, and Daiei project manager Keiji Nakamae, 47, both of whom are main members of Daiei’s internal revitalization organization set up in January.

IRCJ managing directors Shoichiro Onishi and Masahiro Matsuoka, both 41, will also take posts on the new board, it said.

The Marubeni-led consortium has recommended Fumiko Hayashi, 58, former president of BMW Tokyo Corp., to become president, while the IRCJ wants someone with expertise in finance and organizational management. The top post is expected to be filled at the general shareholders’ meeting in May after the IRCJ and the Marubeni-led group reconcile their differences.

The IRCJ selected the Marubeni-led group because the trading house has closer ties to Daiei than its two rivals — entities led by supermarket chain Aeon Co. and by investment fund Kiacon Corp., industry sources said.

Marubeni is the second-largest shareholder in Maruetsu Inc., a supermarket chain in the Daiei group.

The consortium, which will invest about 62 billion yen, said it will get 34.3 percent of the retailer’s voting-rights shares, with another one-third held by the IRCJ and the remainder by ordinary shareholders.

The IRCJ plans to shut down or sell 53 Daiei outlets across Japan, while it aims to open about 100 new supermarkets in five years.

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