Kintetsu Group Holdings Co.,Ltd. completed the acquisition of additional 52.913957% stake in Kintetsu World Express, Inc..
July 04, 2022
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Kintetsu Group Holdings Co.,Ltd. (TSE:9041) made an offer to acquire remaining 52.913957% stake in Kintetsu World Express, Inc. (TSE:9375) for approximately ¥160 billion on May 12, 2022. The transaction is approved by board of directors of Kintetsu World Express, Inc. and is subject to minimum tender. Mori Hamada & Matsumoto LPC acted as legal advisor and Nomura Securities Co., Ltd. and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as financial advisors to Kintetsu Group Holdings Co.,Ltd. Nakamura, Tsunoda & Matsumoto acted as legal advisors and Daiwa Securities Co. Ltd. and Deloitte Tohmatsu Financial Advisory LLC acted as financial advisors to Kintetsu World Express, Inc. Nishimura & Asahi acted as legal advisor and Deloitte Tohmatsu Financial Advisory LLC acted as fairness opinion provider to special committee. DG Advisory acted as financial advisor to Kintetsu Group Holdings Co.,Ltd.
Kintetsu Group Holdings Co.,Ltd. (TSE:9041) completed the acquisition of additional 48.00911% stake in Kintetsu World Express, Inc. (TSE:9375) on July 5, 2022.
Kintetsu Group Holdings Co.,Ltd. is a Japan-based company mainly engaged in the transportation business. The Company operates in five business segments. The Transportation segment is engaged in the provision of railway, bus and taxi services, the railway facilities maintenance business and other transportation related business, as well as the operation of tourist facilities. The Real Estate segment is engaged in the sale, leasing and management of real estate. The Distribution segment is engaged in the operation of department stores, retail stores and station stores, as well as the food business. The Hotel and Leisure segment is engaged in the operation of hotels, movie theaters and aquariums, as well as the travel business. The Others segment is engaged in the general broadcasting business, the telecommunications business, the information processing business and the insurance agency business.
KINTETSU GROUP HOLDINGS CO.,LTD. 
