Maeda completed the acquisition of a 26% stake in Maeda Road Construction for $808m.

Synopsis

Japanese builder Maeda completed an acquisition of Maeda Road Construction, an affiliate and road paving firm for $808m. Maeda said it had secured 21.8m shares or a 51% stake in Maeda Road. Maeda already owned 24.68% in Maeda Road.

Principals

target

Maeda Road Construction Co

bidder

Maeda Corporation

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Market Context

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15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.