Takamatsu Construction Group Co., Ltd. completed the acquisition of remaining 20.92% stake in Asunaro Aoki Construction Co.,Ltd..
September 18, 2019
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Takamatsu Construction Group Co., Ltd. (TSE:1762) made an offer to acquire remaining 20.92% stake in Asunaro Aoki Construction Co.,Ltd. (TSE:1865) for ¥13.8 billion on April 9, 2019. Takamatsu Construction will acquire 11.4 million shares for ¥1210 each. Takamatsu Construction owns 79.08% stake and will own 100% stake on completion. On August 6, 2019, Board of Directors of Asunaro Aoki Construction approved the transaction. On May 10, 2019, Asunaro Aoki Construction established a Special Committee consisting of Taisuke Senoo, Masaaki Suda and Satoshi Yamashita. The tender offer will be August 7, 2019 (Wednesday) to September 19, 2019.
Daiwa Securities Co., Ltd. acted as the financial advisor and Kitahama Partners acted as the legal advisor to Takamatsu Construction. AGS Consulting Co., Ltd. acted as the third-party appraiser and Citi-Yuwa Partners acted as the legal advisor to Asunaro Aoki Construction.
Takamatsu Construction Group Co., Ltd. (TSE:1762) completed the acquisition of remaining 20.92% stake in Asunaro Aoki Construction Co.,Ltd. (TSE:1865) on September 19, 2019.
TAKAMATSU CONSTRUCTION GROUP CO., LTD. is a Japan-based company mainly engaged in the construction business, civil engineering business, real estate business and related businesses. The Company operates in three business segments. The Construction segment is engaged in business about construction and real estate, shrines and temples, reinforced concrete (RC) detached houses, interior renovation, renovation and maintenance, civil engineering, harbor and ocean related civil engineering and construction business. The Civil Engineering segment is engaged in marine civil engineering work, pavement work, slope protection and ground improvement work, pavement and general civil work, and excavation and survey of buried cultural properties business. The Real Estate segment provides real estate consultants, real estate business, real estate sale and brokerage business. The Company is also engaged in the development of construction finance business.
TAKAMATSU CONSTRUCTION GROUP CO., LTD. 
