Coca-Cola East Japan Co.Ltd. entered into a share exchange agreement to acquire Sendai Coca-Cola Bottling Co.,Ltd. from Kamei Corporation, Saura Co., Ltd. and others for ¥10.4 billion.
December 16, 2014 at 05:00 am
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Coca-Cola East Japan Co.Ltd. (TSE:2580) entered into a share exchange agreement to acquire Sendai Coca-Cola Bottling Co., Ltd. from Kamei Corporation (TSE:8037), Saura Co., Ltd. and others for ¥10.4 billion in stock on December 16, 2014. Pursuant to the transaction, one share of Sendai Coca-Cola Bottling will be exchanged with 2.563 shares of Coca-Cola East Japan Co. Ltd. Post-acquisition, Sendai Coca-Cola Bottling Co., Ltd. will become a wholly owned subsidiary of Coca-Cola East Japan Co. Ltd.
For the year ended December 31, 2013, Sendai Coca-Cola reported revenues of ¥58.5 billion, total assets of ¥35.7 billion, operating income of ¥67 million, net loss of ¥78 million and net assets of ¥14.44 billion. The deal is not subject to approval of the shareholders of Coca-Cola East Japan. The deal is subject to approval of Sendai Coca-Cola Bottling shareholders. The Board of Directors of Coca-Cola East Japan and Sendai Coca-Cola Bottling have approved the deal. The transaction is expected to close on April 1, 2015. Nomura Securities Co., Ltd. acted as the financial advisors for Coca-Cola East Japan Co.Ltd. City-Yuwa Partners acted as the legal advisor to Coca-Cola East Japan while Mori Hamada & Matsumoto acted as the legal advisor to Sendai Co.
KAMEI CORPORATION is engaged in the energy business. Energy segment distributes gasoline, kerosene, light oil, heavy oil and liquefied petroleum gas. Food segment distributes beer and wine products, and operates supermarkets. Housing segment distributes housing appliances and equipment, and operates renovation business. Automobile segment distributes domestic and imported cars, and operates car leasing. Overseas and Trading business segment exports tires, bearings and tanker planes, and imports and sells seafood, apparel products, beer and wine. Pet segment sells pet food, pet supplies and gardening supplies. Pharmacy segment operates dispensaries, and distributes drugs. The Others segment provides information equipment and office supplies, property leasing, insurance agency service.
Coca-Cola East Japan Co.Ltd. entered into a share exchange agreement to acquire Sendai Coca-Cola Bottling Co.,Ltd. from Kamei Corporation, Saura Co., Ltd. and others for ¥10.4 billion.
KAMEI CORPORATION 
