Wednesday, April 11, 2007

UPDATE 4-Japan's Daiei to sell 32 pct of OMC Card -sources

(Reuters) - TOKYO, April 11 - Japanese supermarket Daiei Inc. plans to sell a 31.8 percent stake in its credit card unit OMC Card in an open auction beginning this month, sources close to the matter said on Wednesday.

Credit card firm Credit Saison said it would consider bidding for the OMC shares, which have a market value of about 64 billion yen , while an executive at Sumitomo Mitsui Financial Group has told Reuters that his bank is also interested in the company.


Read more at Reuters.com Bonds News

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