TOKYO -- Japanese retailer Aeon announced Friday the end of its 10-year capital tie-up with trading house Mitsubishi Corp. amid diminishing returns and apparent differences regarding convenience store operations.
Mitsubishi's interest in Aeon, which the retailer said was 4.64% at the end of August, had been cut to 2.34% as of Friday. The reduction is apparently linked to efforts by the trading house to liquidate cross-shareholdings that serve no purpose beyond maintaining business relationships.
