Uchida Yoko Co., Ltd. (TSE:8057) made an offer to acquire remaining stake in UCHIDA ESCO Co.,Ltd. (JASDAQ:4699) for ¥9.6 billion on December 3, 2021. Under the terms of transaction, Uchida Yoko Co., Ltd. will acquire 2.3 million shares at price of ¥4130 per share and minimum 1.1 million shares to be acquired. The deal is expected to be completed by January 24, 2021. TMI Associates acted as legal advisor and SMBC Nikko Securities Inc. acted as financial advisor to UCHIDA ESCO in the deal.

Uchida Yoko Co., Ltd. (TSE:8057) completed the acquisition of additional 54.21% stake in UCHIDA ESCO Co.,Ltd. (TSE:4699) for ¥8.1 billion on January 24, 2022.