Home » Sega Sammy sells “Seagaia” to US Fortress | Reuters

Sega Sammy sells “Seagaia” to US Fortress | Reuters

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Sega Sammy sells “Seagaia” to US Fortress | Reuters

On May 10, Sega Sammy Holdings announced that it will sell its subsidiary that operates the large resort facility “Phoenix Seagaia Resort” (Miyazaki City) to the US Fortress Investment Group. The photo is Seagaia. Photographed in November 2000 in Miyazaki Prefecture (2020 Reuters/Reuters Photographer)

TOKYO (Reuters) – Sega Sammy Holdings (6460.T) New Tab, opens new tab announced on the 10th that it will transfer its subsidiary, which operates the large resort facility “Phoenix Seagaia Resort” (Miyazaki City), to the U.S.-based Fortress Investment Group. announced that it would be sold. The sale price was not disclosed. The sale is scheduled for the end of May, and approximately 8.5 billion yen in gain on stock transfer is expected to be recorded as extraordinary profit in the fiscal year ending March 2025.

Even after selling all of its shares, SEGA SAMMY will retain 20% of the voting rights and support Phoenix’s management through the acquisition of newly issued class shares.

Phoenix became a wholly owned subsidiary of Sega Sammy in 2012. Profitability has recovered, with sales hitting the highest since joining the group for the second consecutive year from the fiscal year ending March 2013, but corporate value will be maximized if Fortress, which has strengths in the hotel and resort business, takes the lead in operations. I decided that it was the best for me.

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