Cerberus to sell stake in Japan's Kikusai Kogyo for $1.25-$1.34 billion

U.S. private equity firm Cerberus Capital Management LP has decided to sell its entire majority stake in Japanese property operator Kokusai Kogyo Co to its founding family for 130-140 billion yen ($1.25-1.34 billion), people with direct knowledge of the deal told sister news service Reuters.