Nissin Foods Holdings Co.,Ltd. (TSE:2897) signed a stock transfer agreement to acquire additional 10.57% stake in KOIKE-YA Inc. (JASDAQ:2226) from Takashi Koike and W B Fine Co., Ltd. for ¥2.3 billion on November 20, 2020. The share acquisition price may increase or decrease based on the provisions of the share transfer agreement. .

The deal was resolved by Nissin Foods Holdings' Board on November 20, 2020. The deal is expected to close on November 27, 2020. The impact of this transaction on Nissin Foods Holdings' consolidated financial results for the current fiscal year is currently under scrutiny.

Barclays PLC (LSE:BARC) acted as financial advisor to Nissin Foods Holdings Co.,Ltd. (TSE:2897).