TOKYO (Reuters) - Japanese retailer Aeon Co Ltd (>> Aeon Co Ltd) said it would discuss the possible acquisitions of Welcia Holdings Co Ltd (>> Welcia Holdings Co Ltd) and CFS Corp (>> CFS Corporation) at a board meeting later on Wednesday.

The Nikkei newspaper reported earlier that Aeon plans to launch a tender offer to buy up to 50.1 percent of drugstore operator Welcia by the end of the year in a deal worth an estimated 20 billion yen (116 million pounds). It already holds a 37.37 percent stake as of Sept. 1.

The Nikkei also said that CFS, in which Aeon has a 50.04 percent stake, would become a Welcia subsidiary and be delisted.

(Reporting by Chris Gallagher; Editing by Michael Perry)

Stocks treated in this article : CFS Corporation, Aeon Co Ltd, Welcia Holdings Co Ltd