Marubeni : and Mizuho Leasing Complete the Acquisition of Aircastle Limited
March 30, 2020 at 02:48 am EDT
Share
March 30, 2020
Marubeni Corporation
Marubeni and Mizuho Leasing Complete the Acquisition of Aircastle Limited
Marubeni Corporation (hereinafter, "Marubeni"), in partnership with Mizuho Leasing Company, Limited, hereby announces that on March 27, 2020, the company has completed the acquisition of all outstanding common shares of Aircastle Limited (hereinafter, "Aircastle") (NYSE: AYR) that Marubeni did not already own.
This transaction is based on the definitive agreement made with Aircastle on November 6, 2019 and has been completed as per the condition precedent which has been satisfied by the regulatory approvals on March 24, 2020.
Aircraft leasing is one of the core businesses of Marubeni's Finance and Leasing Business Division. Marubeni will seek to expand and evolve its business portfolio in this area and will try to provide solutions for continuous long-term demand for air transportation, that is essential for global economic growth in the future.
<Outline of Aircastle>
Company Name
: Aircastle Limited
Headquarters
: Connecticut, US
CEO
: Michael J. Inglese
Founded
: 2004
Paid-in Capital
: US$1,469 million(December, 2019)
Business
: Aircraft leasing
November 7, 2019
Marubeni and Mizuho Leasing to acquire remaining shares of Aircastle Limited https://www.marubeni.com/en/news/2019/release/20191107E.pdf
Attachments
Original document
Permalink
Disclaimer
Marubeni Corporation published this content on 30 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2020 06:47:01 UTC
Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)