CUC Subsidiary Noah Konzer to Transfer Facilities in 13.2 Billion Yen Sale-Leaseback Deal

MT Newswires Live

2024/12/20

CUC (TYO:9158) said its subsidiary, Noah Konzer, will sell 14 facilities in Sapporo, Hokkaido, Japan, and lease them back, according to a Thursday filing on the Tokyo Stock Exchange.

Noah Konzer operates nursing homes and provide day-care services, the filing said.

The facilities will be transferred for 13.20 billion yen, recording a capital gain of 100 million yen. The buyer, Pj SNOW, is a fund established to hold nursing homes operated by the CUC Group.

The transfer is scheduled to take place Dec. 25.

Price (JPY): $1658.00, Change: $-15, Percent Change: -0.90%

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