Mitsui Chemicals, Inc. entered into a share transfer agreement to acquire 30% stake in Japan Medical Dynamic Marketing, INC. from NGK Spark Plug Co., Ltd. for ¥17.4 billion.

Mitsui Chemicals, Inc. (TSE:4183) entered into a share transfer agreement to acquire 30% stake in Japan Medical Dynamic Marketing, INC. (TSE:7600) from NGK Spark Plug Co., Ltd. (TSE:5334) for ¥17.4 billion on December 7, 2021. As part of the transaction, Mitsui Chemicals will acquire 7.9 million shares in Japan Medical Dynamic from NGK Spark Plug. Mitsui Chemicals, Inc. paid ¥2,193 per share of Japan Medical Dynamic.

The transaction is expected to be completed on January 7, 2022. Greenhill & Co. Japan Ltd. acted as financial advisor to Mitsui Chemicals, Inc.