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.