WELLNEO SUGAR to acquire Toyo Sugar Refining from Marubeni for JPY11.3bn.

Synopsis

WELLNEO SUGAR, a sugar company, agreed to acquire Toyo Sugar Refining, a Japan-based company mainly engaged in the manufacture and sale of refined sugar, food and beverage materials and cosmetic materials, from Marubeni, a trading company, for JPY11.3bn.

Principals

target

Toyo Sugar Refining

bidder

Wellneo Sugar

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Market Context

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Seller Team (1)

noboru suzuki

Managing Director at TOYO SUGAR REFINING

Manager

target

Deal

£ 59 M

Total Value

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