Regions

Cerberus Capital Management LP is Seibu Holdings Inc's biggest single shareholder. According to a source familiar with the matter, the two companies will meet on Friday. The meeting would tackle discussions about a possible listing on the Tokyo Stock Exchange.

Cerberus, the US private equity magnate has been pressing Seibu Holdings to improve governance and earnings. Cerberus also pushed the embattled Japanese property and railways company to ensure that the company would get fair value for its shares.

The sources who asked not to be identified as the talks were held private to the media said that major shareholders of Seibu would join the meeting. The Development Bank of Japan and Norinchukin Bank would also be present during the discussion between Cerberus and Seibu.

Seibu Holdings Inc is based in Saitama, Japan. As of June 2013, Cerberus owned 35% of stake in the company while Yoshiaki Tsutsumi sits as the second largest shareholder in the company with 15% stake held.