Sintokogio,Ltd. (TSE:6339) agreed to acquire Elastikos (France) S.A.S from Blackstone Inc. (NYSE:BX) and others for approximately ?260 million on August 11, 2023. Sintokogio,Ltd. will acquire 130.37 million shares from three funds operated by Blackstone Inc. and other corporate and individual shareholders. Elastikos reported revenue of ?369.7 million, total assets of ?350.7 million, net assets of ?138.8 million, operating income of ?21.8 million, net income of ?8.5 million, and EBITDA of ?38.1 million in 2022.

Execution date of the share transfer Until around the end of May 2024.