Sumimoto to acquire 85% stake in LeTech Corporation for JPY6.2bn.

Synopsis

Sumimoto, a company primarily engaged in forestry, timber and building materials, agreed to acquire 85% stake in LeTech Corporation, real estate company specializing in the planning, development, and sale of investment properties, for JPY6.2bn.

Principals

target

Letech Corporation

bidder

Sumitomo Forestry

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Market Context

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Bidder Team (1)

toshiro mitsuyoshi

Representative Director President and Executive Officer at SUMITOMO FORESTRY

Manager

bidder

Deals

£ 33 M

Total Value

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