Kanematsu Corporation (TSE:8020) made an offer to acquire the remaining 47.11% stake in Kanematsu Sustech Corporation (TSE:7961) from a group of sellers for ¥2250 per share on January 27, 2023. The tender offer is subject to a minimum of 0.57 million shares being tendere di nthe offer. The tender offer will commence on January 30, 2023, ad close on March 13, 2023.

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as financial advisor to Kanematsu Corporation, TMI Associates acted as legal advisor to Kanematsu Corporation. Mizuho Securities Co., Ltd. acted as financial advisor to Kanematsu Sustech Corporation and City-Yuwa Partners acted as legal advisors to Kanematsu Sustech Corporation.