Mitsui Soko Holdings Co., Ltd. (TSE:9302) entered into definitive agreement to acquire 66% stake in Sony Supply Chain Solutions, Inc. from Sony Corporation (TSE:6758) on December 22, 2014. As reported, Mitsui Soko will acquire 2.1 million Sony Supply Chain Solutions shares. Under the transaction, Sony Group will relocate its logistics operations in Thailand and Malaysia under the umbrella of Sony Supply Chain Solutions, Inc. (SSCS-J).

To achieve this, SSCS-J will acquire all of the shares of Sony Supply Chain Solutions (Thailand) Ltd. (SSCS-T). SSCS-J will establish a new company in Malaysia and Sony Supply Chain Solutions (Malaysia) Sdn. Bhd.

(SSCS-M), will transfer its logistics business to the new company. After relocating the IPO and CS operations currently in SSCS-J to different organizations within Sony Group, 66% of the shares of SSCS-J, will be transferred to Mitsui Soko with Sony retaining the 34% stake. As consideration for all the mentioned transactions, Sony Group will receive a total of approximately ¥18 billion from Mitsui-Soko Group.

The transaction is subject to the receipt of necessary regulatory approvals and is scheduled to be completed in April 2015. The transaction has no impact on the consolidated financial results forecast for the current fiscal year for either Sony or Mitsui-Soko. Frontier Management Inc. acted as financial advisor for Sony Corporation.

Chandler and Thong-Ek Law Offices Limited acted as the legal advisor to Mitsui Soko Holdings Co., Ltd.