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Fuyo General Lease completes Accretive purchase

Fuyo General Lease Co. Ltd. completed its purchase of 51% of receivables securitization firm Accretive Co. Ltd.

The lease company paid ¥11.37 billion, or ¥520 per share, for the stake.

Accretive will remain as a listed company.

As of Jan. 20, US$1 was equivalent to ¥114.93.