G-7 Holdings Inc. cancelled the acquisition of 99ICHIBA Co.,Ltd. from UNY Co.,Ltd..
February 16, 2021
Share
G-7 Holdings Inc. (TSE:7508) signed a share transfer agreement to acquire 99ICHIBA Co.,Ltd. from UNY Co.,Ltd. for approximately ¥1 billion on February 17, 2020. The acquisition of 99 Ichiba shares is planned to be in two stages. The first is to acquire 80% of 99 Ichiba's outstanding shares, and the second is to acquire 20% of the shares. UNY will sell 16000 shares in the first stage for ¥1 billion and 4000 shares in the second stage for ¥250 million of acquisition to G-7 Holdings. The acquisition price of ¥1.265 billion includes a ¥15 million of advisory fee as well. The transaction is expected to close on April 1, 2022.
G-7 Holdings Inc. (TSE:7508) cancelled the acquisition of 99ICHIBA Co.,Ltd. from UNY Co.,Ltd. on February 17, 2021.
G-7 HOLDINGS Inc. is a Japan-based company mainly engaged in the sale of automobile and motorcycle-related goods and parts, the purchase and sale of new and used automobiles and motorcycles, the sale of food and miscellaneous goods, the wholesale of selected food, the direct sale of agricultural products, the purchase and sale of recycle goods, as well as the operation of real estate rental business. The Company operates in three business segments. The Autobacs and Vehicle-Related segment is engaged in the sale of automobiles and motorcycles, as well as the related parts and supplies. The Business Supermarket and Specialty Food segment is engaged in the sale of frozen and processed food products, as well as the wholesale of selected food products. The Other segment is involved in the direct sales of agricultural products, the purchase and sale of recycle goods, as well as the leasing of real estate.
G-7 HOLDINGS INC. 
