Shimizu Corporation (TSE:1803) made an offer to acquire additional 25.26% stake in THE NIPPON ROAD Co., Ltd. (TSE:1884) for ¥22.2 billion on February 9, 2022. As per the transaction, Shimizu Corporation will acquire 2,220,200 shares at ¥10000 per share. The offer is expected to close on March 22, 2022.

Nomura Securities Co., Ltd. acted as financial advisor and Nishimura & Asahi acted as legal advisor to Shimizu Corporation. Mizuho Securities Co., Ltd. acted as financial advisor and Gaien Partners acted as legal advisor to THE NIPPON ROAD Co., Ltd.