MatsumotoKiyoshi to acquire a 20% stake in Cocokara Fine for $350m.

MatsumotoKiyoshi Holdings, a Japanese drugstore firm is set to acquire a 20% stake in Cocokara Fine, a consumer retailer service provider for $350m, and aims for a full merger next year. MatsumotoKiyoshi and Cocokara Fine are aiming for a full merger in October 2021, with terms to be decided in February 2021.