Artra Group Corporation (TSE:6029) signed a basic agreement to acquire Be-U Co., Ltd. from H2O Retailing Corporation (TSE:8242) on September 30, 2021. Artra Group Corporation signed a share transfer agreement to acquire Be-U Co., Ltd. from H2O Retailing Corporation on November 1, 2021. As of March 31, 2021, Be-U reported negative Net assets of ¥2.1 billion and Total assets of ¥926 million.

Transaction is expected to close by December 1, 2021 .