Business Services Industry
West Japan Railway Co. Becomes Fully Privatized.
Knight Ridder/Tribune Business News, March, 2004
Kyodo News International, Tokyo Knight Ridder/Tribune Business News
Mar. 12--TOKYO -- West Japan Railway Co. (JR West) has become fully privatized as the sale of government-owned shares in the company was completed Friday.
The Osaka-based company is the second JR group firm to be fully privatized after East Japan Railway Co. (JR East) which became free of government ownership in June 2002. It is among the seven key entities created through the 1987 privatization of the Japanese National Railways.
The government used to be the biggest shareholder in JR West with some 630,000 shares, or 31.7 percent of all outstanding shares, through the Japan Railway Construction, Transport and Technology Agency. It sold its entire stake at 411,000 yen...
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