Japan Pulp and Paper Company Limited agreed to acquire Fukuda Sansho Co.,Ltd. from Tsutomu Fukuda, Shinichi Suzuki, Shigeru Fukuda, Hisao Fukuda, Satoshi Fukuda, Makoto Fukuda, Suzuki Tadaharu, Hisashi Fukuda, Ito Yuko and Taeko Fukuda.
January 26, 2017
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Japan Pulp and Paper Company Limited (TSE:8032) agreed to acquire Fukuda Sansho Co.,Ltd. from Tsutomu Fukuda, Shinichi Suzuki, Shigeru Fukuda, Hisao Fukuda, Satoshi Fukuda, Makoto Fukuda, Suzuki Tadaharu, Hisashi Fukuda, Ito Yuko and Taeko Fukuda for ¥3.6 million on January 16, 2017. Japan Pulp and Paper Company Limited will issue 10.09 million shares with an exchange ratio of 0.03125. Japan Pulp and Paper Company Limited (TSE:8032) signed a share exchange contract to acquire Fukuda Sansho Co.,Ltd. from Tsutomu Fukuda, Shinichi Suzuki, Shigeru Fukuda, Hisao Fukuda, Satoshi Fukuda, Makoto Fukuda, Suzuki Tadaharu, Hisashi Fukuda, Ito Yuko and Taeko Fukuda on January 16, 2017. Tsutomu Fukuda will sell 17.9% stake, Shinichi Suzuki will sell 13% stake, Shigeru Fukuda will sell 8.6% stake, Hisao Fukuda will sell 7.6% stake, Satoshi Fukuda will sell 5.2% stake, Makoto Fukuda will sell 5.1% stake, Suzuki Tadaharu will sell 4.4% stake, Hisashi Fukuda will sell 4.2% stake, Ito Yuko will sell 3.6% stake and Taeko Fukuda will sell 3.1% stake.
The transaction is subject to approval from relevant domestic authorities such as the Fair Trade Commission, Japan Pulp and Paper Company Limited shareholders. The transaction was resolved by the Board of Directors of Japan Pulp and Paper Company Limited on January 27, 2017. The transaction is expected to complete on April 1, 2017. Morrison & Foerster LLP acted as the legal advisor for Japan Pulp and Paper Company Limited.
Japan Pulp & Paper Co., Ltd., formerly JAPAN PULP AND PAPER COMPANY LIMITED is a Japan-based company mainly involved in the wholesale of pulp and paper products. The Company operates in five business segments. The Domestic Wholesale segment and Overseas Wholesale segment involve in the sale of paper, pulp, paper boards and used paper, as well as the provision of warehousing and transportation services. The Paper Manufacturing and Processing segment is engaged in the manufacture and processing of paper products. The Resources and Environmental segment sells wastepaper / pulp and other original fuels, recycle comprehensively, and conduct power generation projects with renewable energy. The Real Estate Leasing segment involves in the leasing of real estate properties.
Japan Pulp and Paper Company Limited agreed to acquire Fukuda Sansho Co.,Ltd. from Tsutomu Fukuda, Shinichi Suzuki, Shigeru Fukuda, Hisao Fukuda, Satoshi Fukuda, Makoto Fukuda, Suzuki Tadaharu, Hisashi Fukuda, Ito Yuko and Taeko Fukuda.
JAPAN PULP AND PAPER COMPANY LIMITED 
