Inageya Co., Ltd. completed the acquisition of Miuraya, K.K. from President of Miuraya Co.,Ltd.
October 01, 2012 at 05:00 am
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Inageya Co., Ltd. (TSE:8182) agreed to acquire Miuraya, K.K. from President of Miuraya Co.,Ltd for zero consideration on August 7, 2012. In a related deal, President of Miuraya Co.,Ltd. agreed to acquire Miuraya Co.,Ltd. from family members and others in a management buyout transaction on August 7, 2012. Miuraya had operating revenue of ¥11 billion, current profit of ¥100 million, net assets of ¥32 million and total assets of ¥3.2 billion for the year March 2012. The transaction received the corporate resolution from the Board of Directors of Inageya on August 7, 2012. The transaction is dependent on the completion of a related transaction. The transaction is expected to close by October 1, 2012. Inageya Co., Ltd. paid ¥95 million as advisory fees for the deal.
Inageya Co., Ltd. (TSE:8182) completed the acquisition of Miuraya, K.K. from President of Miuraya Co.,Ltd on October 1, 2012.
INAGEYA CO., LTD. is a company mainly engaged in the retail business. The Company operates in three business segments. The Supermarket segment sells fresh food products, processed food products, daily necessities, side dishes and sushi, among others. The Drugstore segment sells pharmaceutical products, cosmetics and others. The Retail Support segment conducts food wholesale business, product manufacturing and development, facility management, store support services, and agricultural management.