Aeon Group is considering increasing its shareholding in rival Japanese retailer Daiei, according to Malaysia’s Business Times.
The move would see Aeon acquire the 29 per cent share in Daiei currently held by trading house Marubeni Corp.
The perspective purchase could cost up to ¥10bn (US$104.77m), according to the Business Times.
Aeon currently holds a 20 per cent share in Daiei and aims to finalise the deal by April.
Earlier this month, Aeon announced it would spend RM65m (US$21m) on renovating its Malaysian hypermarkets Aeon Big, formally known as Carrefour.
