Advertisement
New Zealand markets closed
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NZD/USD

    0.5976
    -0.0030 (-0.50%)
     
  • NZD/EUR

    0.5526
    -0.0016 (-0.30%)
     
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • OIL

    82.46
    +1.11 (+1.36%)
     
  • GOLD

    2,229.50
    +16.80 (+0.76%)
     
  • NASDAQ

    18,267.08
    -13.76 (-0.08%)
     
  • FTSE

    7,956.95
    +24.97 (+0.31%)
     
  • Dow Jones

    39,777.63
    +17.55 (+0.04%)
     
  • DAX

    18,487.94
    +10.85 (+0.06%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • NZD/JPY

    90.3430
    -0.4370 (-0.48%)
     

Seibu CEO says built up trust with Cerberus

TOKYO, April 23 (Reuters) - Seibu Holdings CEO Takashi Goto said the company has established a "trusting relationship" with its biggest stakeholder Cerberus, putting behind them a feud including an attempt by the U.S. fund to take control of the company's board.

Seibu shares relisted in Tokyo on Wednesday after being delisted 10 years ago due to a scandal involving falsified shareholder records. Cerberus did not take part in it after deciding the IPO price was too low.

"We have built a trusting relationship since last year," Goto told a news conference.

(Reporting by Ritsuko Ando; Editing by Dominic Lau)