Activist Elliott acquires stake in Japan’s Sumitomo Realty

Activist Elliott acquires stake in Japan's Sumitomo Realty Activist Elliott acquires stake in Japan's Sumitomo Realty

LONDON — U.S. activist investor Elliott Investment Management has acquired shares in Japan’s Sumitomo Realty & Development, Nikkei has learned.

A spokesperson for Sumitomo Realty & Development confirmed that the two parties had exchanged opinions regarding the developer’s business management.