Marcian Holdings GK entered into an agreement to acquire 77.44% stake in Nihon Housing Co.,Ltd. (TSE:4781) from Relo Group, Inc. (TSE:8876) and others for ¥77 billion on May 9, 2024. Relo Group will sell 21.5 million shares equating to 33.44% stake. After the consummation of the Tender Offer, Nihon Housing will cease to be an equity-method subsidiary of Relo Group.

As of May 23, 2024, all of the Preconditions have been satisfied and the tender offer has commenced. In the course of the consideration of the Tender Offer up to the present time, the procedures and responses are expected to take a certain period of time to get permits and approvals under the competition law of Vietnam and Ukraine. Regarding the procedures for obtaining the necessary permits and licenses based on competition laws in Vietnam and Ukraine, in principle, the deadline for Vietnam is May 24, 2024, and for Ukraine, in principle, by May 30, 2024.

Since the Tender Offeror is expected to obtain the necessary licenses and licenses based on the Competition Act, the Tender Offeror has decided to waive the condition of obtaining such licenses and licenses, and has confirmed that the Preconditions other than this have been satisfied. The board of directors of Nihon Housing has approved the deal. As of today, the Tender Offeror aims to commence the Tender Offer by around late May 2024.

The deal is expected to close on June 20, 2024.