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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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Factbox: Who's buying Britain's Morrisons?

07/03/2021 | 02:34pm EDT
FILE PHOTO: A customer wearing a protective face mask shops at a Morrisons store in St Albans

LONDON (Reuters) - Morrisons, Britain's fourth-biggest supermarket group after Tesco, Sainsbury's and Asda, has agreed a 6.3 billion pound ($8.7 billion) takeover by a trio of investment groups led by Fortress Investment Group.

Following are some details about the buyers of the 122-year-old Bradford, northern England, based grocer:

FORTRESS INVESTMENT GROUP

Fortress is an independently-operated global investment manager subsidiary of Japan's SoftBank Group Corp. As of March 31, it had about $53 billion in assets under management.

It bought British wine seller Majestic Wine for 95 million pounds in 2019 and has invested in the grocery sector in the United States - in Albertsons, A&P and Fresh and Easy (which used to be owned by Tesco).

CANADA PENSION PLAN INVESTMENT BOARD (CPP INVESTMENTS)

CPP Investments invests the funds transferred to it by the Canada Pension Plan.

As of March 31 2021, it had about 287 billion pounds of assets under management, of which about 13.6 billion is invested in the United Kingdom.

KOCH REAL ESTATE INVESTMENTS (KREI)

KREI is part of Koch Industries, one of the largest privately held businesses in the United States.

Since 2003, Koch companies have invested nearly $133 billion.

It has a presence in more than 70 countries, employing 122,000 people worldwide.

($1 = 0.7235 pounds)

(Reporting by James Davey, editing by Louise Heavens)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
J SAINSBURY PLC 0.71% 296.8 Delayed Quote.30.69%
NAKED WINES PLC 1.02% 690 Delayed Quote.2.24%
SOFTBANK GROUP CORP. 3.06% 6429 End-of-day quote.-20.22%
TESCO PLC 1.86% 274.5 Delayed Quote.16.47%
WM MORRISON SUPERMARKETS PLC -0.07% 285.1 Delayed Quote.60.87%
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Analyst Recommendations on SOFTBANK GROUP CORP.
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Financials
Sales 2022 6 040 B 52 804 M 52 804 M
Net income 2022 1 310 B 11 451 M 11 451 M
Net Debt 2022 15 330 B 134 B 134 B
P/E ratio 2022 8,44x
Yield 2022 0,68%
Capitalization 11 014 B 96 419 M 96 281 M
EV / Sales 2022 4,36x
EV / Sales 2023 4,07x
Nbr of Employees 58 786
Free-Float 69,3%
Chart SOFTBANK GROUP CORP.
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SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 15
Last Close Price 6 429,00 JPY
Average target price 10 325,87 JPY
Spread / Average Target 60,6%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
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