Business Services Industry
Government to Sell Entire 31.72 Percent Stake in West Japan Railway Co.
Knight Ridder/Tribune Business News, February, 2004
Kyodo News International, Tokyo Knight Ridder/Tribune Business News
Feb. 20--TOKYO -- The government will sell off its entire 31.72 percent stake in West Japan Railway Co. (JR West) in Japan and abroad next month, making the railway operator fully privatized, the company said Friday.
The Osaka-based railway operator will be the second JR group firm to be free of government ownership after Tokyo-based East Japan Railway Co. (JR East) was fully privatized in June 2002.
JR West President Takeshi Kakiuchi said in a statement that the full privatization has been "a long-cherished wish" since the company's establishment in 1987 and that it has urged the government to sell all of its equity ownership at an early date.
The 31.72...
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