MBK scraps plan to buy Japan's Accordia Golf

August 29, 2016 2:19 AM

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TOKYO Aug 29 Seoul-based private equity firm MBK Partners has scrapped a plan to buy Japanese golf course operator Accordia Golf Co after the value of the company surged in recent weeks, sources with direct knowledge of the matter have told Thomson Reuters LPC.

Shares in Accordia tumbled 12 percent in early Monday trade, giving up gains made since news of deal first emerged last month.

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