Sato Kogyo Co., Ltd. agreed to acquire additional 11.6% stake in Watanabe Sato Co., Ltd. (TSE:1807) from Tadayasu Watanabe for ¥1.3 billion on May 15, 2024. The consideration will be paid at a price of ¥3515 per share. The deal is subject to approval from Fair Trade Commission.

The deal is expected to be completed on July 12, 2024.