Nagase & Co., Ltd. agreed to acquire 5% stake in Yuki Gosei Kogyo Co., Ltd. from Nipro Corporation for approximately ¥380 million.
March 26, 2018
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Nagase & Co., Ltd. (TSE:8012) agreed to acquire 5% stake in Yuki Gosei Kogyo Co., Ltd. (TSE:4531) from Nipro Corporation (TSE:8086) for approximately ¥380 million on March 27, 2018. Under the terms of the transaction, Nagase & Co., Ltd. will acquire 1.1 million shares at ¥350 per share. The transaction is expected to close on March 30, 2018.
Yuki Gosei Kogyo Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of amino acids, chemicals and pharmaceuticals. The amino acids business is involved in the manufacture and sale of amino acids and vitamin ingredients. The chemical products business in involved in the manufacture and sale of the tire cord adhesive raw materials, agricultural chemical intermediates, silicon compounds and other products. The pharmaceuticals business is involved in the manufacture and sale of the pharmaceutical raw materials and intermediates. The commission of manufacture operation business is involved in the contract for manufacture operations through subsidiaries. The Company is also involved in the manufacture and sale of foods, food additives, feed additives, fragrances, and cosmetics, as well as the sale of the related raw materials and products.