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Report claims Sony to sell off one of main Tokyo buildings in restructuring

AFP
January 11, 2013, 1:01 pm TWN

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TOKYO -- Japanese electronics giant Sony plans to sell one of its main buildings in Tokyo to finance its business restructuring effort, a report said Thursday.

Sony is realigning its operations as it looks to turn the page on a difficult few years, including selling off its chemical division, as it invests 50 billion yen (US$572 million) in camera and medical equipment maker Olympus.

The sale of the building, which was completed in March 2011, is part of an effort to raise cash for the restructuring, the Nikkei business daily said, without putting a figure on its value.

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