• Bloomberg


Merrill Lynch & Co. and other overseas financial firms may bid to acquire failed real-estate developer Urban Corp. to obtain its $4.4 billion worth of assets, two officials involved in the matter said.

As many as 10 potential investors, including Merrill, U.S. and European funds and Japanese real-estate developers, have asked Urban to be included in the bidding process for the company, according to the officials, who declined to be identified as the information isn’t public.

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.