Mitsui Fudosan to buy 33% stake in Imperial Hotel

TOKYO, Japan - Hiromichi Iwasa (R), president of Real estate developer Mitsui Fudosan Co., and Tetsuya Kobayashi, president of Imperial Hotel Ltd., shake hands during a press conference in Tokyo on Sept. 28. They announced that Mitsui will acquire a 33.16 percent stake in Imperial Hotel in October for 86.19 billion yen, becoming the top shareholder of the hotel. (Kyodo)

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