Coca-Cola Company, Limited agreed to acquire remaining 49.9% stake in Endian LLC from I-ne CO., LTD. for ¥2.9 billion.
April 18, 2023
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Coca-Cola (Japan) Company, Limited agreed to acquire remaining 49.9% stake in Endian LLC from I-ne CO., LTD. (TSE:4933) for ¥2.9 billion on April 19, 2023. The consideration is subject to change due to adjustments up to the execution date of the transfer. As of the date of I-ne's Board of Directors' resolution, Coca-Cola (Japan) Company, Limited's approval procedures have not been completed.
The equity transfer agreement execution date was planned on April 28, 2023, and planned equity transfer execution date was on May 19, 2023.
I Ne Co Ltd is a Japan-based company mainly engaged in the development and sale of hair care products, beauty appliances, cosmetics and health foods. The Company has two regional segments. Domestic segment is engaged in the sale of products to retailers and mass retailers through wholesalers in Japan, and direct sale business to general consumers in Japan using the Internet. Overseas segment is engaged in the direct sale of products to overseas general consumers using the Internet, as well as the wholesale business to overseas Internet distributors, sales agents and beauty specialty stores. The brands include BOTANIST, SALONIA, skinvill, NICOLESS, CAROME., CHILLOUT and DROAS. The main products include shampoo treatments, body soaps, facial cleansers, cleansings, body gels and other care products, hair irons and other beauty appliances, as well as tobaccos, liquid eyeliners and relaxation drinks. It also provides marketing solution from attracting customers to distribution operations.