Aeon Group has confirmed it is increasing its shareholding in Japanese retail rival Daiei.
The company has finalised an expected takeover deal, which will see it acquire a 24 per cent share in Daiei previously owned by Marubeni Corp.
Aeon already holds a 20 per cent share in Daiei.
Aeon revealed it will pay ¥270 (US$2.86) per share for the additional 24 per cent stake.
