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Announced

Shimizu completed the acquisition of an additional 38.22% stake in Nippon Road.

Synopsis

Shimizu, a Japanese construction company, completed the acquisition of an additional 38.22% stake in Nippon Road, a Japan-based road paving and civil engineering company, increasing its ownership to 88.33%. Financial terms were not disclosed.

Principals

Nippon Road

target

Nippon Road

Shimizu Corporation

bidder

Shimizu Corporation

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Market Context

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Bidder Team (2)

ts

tatsuya shimmura

President and Representative Director at SHIMIZU CORPORATION

Manager

bidder

1

Deal

n/a

Total Value

ht

hideo takeuch

Manager of Group Companies Strategy Office at SHIMIZU CORPORATION

Manager

bidder

1

Deal

n/a

Total Value

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