PAG, an Asia-based alternative investment firm, KKR (KKR), and Sapporo Holdings announced that funds managed by PAG and KKR have signed definitive agreements to acquire 100% of the shares of Sapporo Real Estate Co. from Sapporo Holdings. The acquisition will close in stages over three years, with the acquisition of the first tranche, representing a 51% stake, expected to close on June 1, 2026, to facilitate a smooth handover across all locations, including Ebisu, Tokyo and Sapporo, Hokkaido.
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