Fujimori Kogyo Co., Ltd. and Mitsui & Co., Ltd. completed the acquisition of PT Kingsford Holdings.
August 31, 2016
Share
Fujimori Kogyo Co., Ltd. (TSE:7917) and Mitsui & Co. Ltd. (TSE:8031) entered into share transfer agreement to acquire PT Kingsford Holdings for $33 million on June 23, 2016. Fujimori Kogyo will acquire 60% stake and PT Kingsford Holdings will acquire 40% stake in PT Kingsford Holdings. Fujimori Kogyo will acquire 4.6 million shares in PT Kingsford Holdings. Fujimori Kogyo and Mitsui & Co. will indirectly hold stake in PT Champion Pacific Indonesia Tbk. PT Kingsford Holdings will then make a tender offer for the remaining 20.58% of PT Champion Indonesia shares owned by minority shareholders. The transaction is expected to close in July, 2016.
Fujimori Kogyo Co., Ltd. (TSE:7917) and Mitsui & Co., Ltd. (TSE:8031) completed the acquisition of PT Kingsford Holdings on August 1, 2016.
FUJIMORI KOGYO CO., LTD. is a company engaged in the manufacture and sale of life science products, information electronics and building materials. The Life Science Product segment is engaged in the manufacture and sale of packaging materials for food, life use and medical use, pouches, foldable plastic liquid containers. The Information and Electronic segment is engaged in the manufacture and sale of protective films, interlayer insulation films, peeling films and information-related equipment materials. The Construction Material segment is engaged in the manufacture and sale of building chimneys, void slabs, air conditioning pipes and civil engineering materials for tunnel construction, and others.