Japan's Orix says no decision on sale of software firm Yayoi to KKR

Asian Tech Press (Dec 13) -- Japanese leading financial services provider ORIX Corp clarified on Monday that it has not yet made any decision to sell its stake in software busines Yayoi Co. Ltd. to KKR.

This follows reports from Reuters, Nikkei, Bloomberg and several other media outlets that Orix has decided to sell Yayoi to U.S. private equity firm KKR & Co Inc for an estimated price of nearly 240 billion yen ($2.1 billion).

The company said in an announcement on Monday, "Although ORIX Corporation is considering possibilities, including the transfer of shares, with regard to Yayoi Co., Ltd., no decision has been made at this time. Should there be any facts to be disclosed in the future, ORIX Corporation will disclose them in a timely manner."

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