All Nippon Airways Trading Co., Ltd. and Tokyo Century Corporation completed the acquisition of unknown stake in GA Telesis, LLC from Global Principal Finance Company, LLC.
October 15, 2018
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All Nippon Airways Trading Co., Ltd. and Tokyo Century Corporation (TSE:8439) entered into a definitive agreement to acquire unknown stake in GA Telesis, LLC from Global Principal Finance Company, LLC on October 1, 2018. Under the terms of agreement, Tokyo Century and All Nipppon wil acquire all shares held by Global Principal Finance. Tokyo Century ownership after the closing of the transaction will increase to 49.2% and All Nippon Airways will acquire a 10% interest in GA Telesis. Tokyo Century and All Nippon Airways expect the transaction to close in October 2018.
All Nippon Airways Trading Co., Ltd. and Tokyo Century Corporation (TSE:8439) completed the acquisition of unknown stake in GA Telesis, LLC from Global Principal Finance Company, LLC on October 16, 2018.
Tokyo Century Corp is a Japan-based company mainly engaged in financial business. The Company operates in four business segments. Domestic Leasing segment is engaged in leasing and financing of information and communication equipment, office equipment, industrial machine tools, transportation equipment, and equipment for commercial and service industries. Domestic Automobile segment is engaged in auto leasing, rental cars, and car sharing businesses for corporations and individuals. Specialty segment is engaged in domestic and overseas leasing and financing of products such as ships, aircraft, real estate, environment and energy. International segment is engaged in leasing and financing mainly in East Asia and Association of Southeast Asian Nations, North America, and Latin America. The Company is also engaged in non-life insurance agency business and outsourced office work.
All Nippon Airways Trading Co., Ltd. and Tokyo Century Corporation completed the acquisition of unknown stake in GA Telesis, LLC from Global Principal Finance Company, LLC.