OSAKA (Kyodo) The municipal government of Osaka said Tuesday it will sell all of its shareholdings in USJ Co., the operator of the Universal Studios Japan theme park in Osaka, in a tender offer being carried out by an investment fund affiliated with Goldman Sachs Group Inc.

The city now holds 200,000 shares in USJ, or an equity stake of 9.23 percent. In the tender offer, the investment fund is purchasing USJ shares for ¥50,000 each.

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