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KKR Increases Majority Stake in Seiyu With Acquisition of Rakuten Shares

Retrieved on: 
Friday, May 12, 2023

KKR, a leading global investment firm, and Rakuten Group, Inc., (“Rakuten”) today announced the signing of definitive agreements under which a fund managed by KKR will purchase Rakuten’s stake in Seiyu (the “Company”), a leading, nationwide supermarket chain in Japan.

Key Points: 
  • KKR, a leading global investment firm, and Rakuten Group, Inc., (“Rakuten”) today announced the signing of definitive agreements under which a fund managed by KKR will purchase Rakuten’s stake in Seiyu (the “Company”), a leading, nationwide supermarket chain in Japan.
  • With this purchase, KKR increases its stake in Seiyu from 65% to 85%1.
  • View the full release here: https://www.businesswire.com/news/home/20230511006023/en/
    KKR and Rakuten, together with Seiyu’s third shareholder, Walmart, have collaborated to support Seiyu’s growth since KKR and Rakuten completed their investments in the Company in 2021.
  • Support initiatives have included: improving product quality, user experiences, and store operations, and renovating and refurbishing stores, which have enabled Seiyu to deliver greater value and convenience.

KKR Announces Tender Offer to Acquire Hitachi Transport System

Retrieved on: 
Thursday, April 28, 2022

In connection with the tender offer, the Offeror has entered into an agreement (the Agreement) with Hitachi, Ltd. (Hitachi), the lead shareholder of HTS, under the terms of which, following a share consolidation after the tender offer, HTS will acquire Hitachis 39.91% holding in a share buyback.

Key Points: 
  • In connection with the tender offer, the Offeror has entered into an agreement (the Agreement) with Hitachi, Ltd. (Hitachi), the lead shareholder of HTS, under the terms of which, following a share consolidation after the tender offer, HTS will acquire Hitachis 39.91% holding in a share buyback.
  • The proposed tender offer price represents1:
    A premium of 166.22% to Hitachi Transport Systems 12-month average closing price to June 16, 2021
    A premium of 161.53% to Hitachi Transport Systems 6-month average closing price to June 16, 2021
    KKR expects to commence the tender offer by late September 2022, subject to regulatory approvals in Japan and other jurisdictions.
  • For details regarding the conditions of the commencement of the tender offer, please refer to the full text of the filing notice issued today titled, Notice regarding the commencement of the tender offer for Hitachi Transport System Ltd. (TSE stock code 9086).
  • If shareholders wish to make an offer to sell their shares in the tender offer, they should first read the tender offer explanation statement for the tender offer and offer their shares or stock options for sale at their own discretion.

KKR to Acquire Storage Tank Operator Central Tank Terminal

Retrieved on: 
Monday, November 8, 2021

KKR, a leading global investment firm, today announced the signing of definitive agreements under which KKR will acquire Japanese chemical storage tank operator Central Tank Terminal (CTT or the Company) from an affiliate of Macquarie Infrastructure and Real Assets (MIRA).

Key Points: 
  • KKR, a leading global investment firm, today announced the signing of definitive agreements under which KKR will acquire Japanese chemical storage tank operator Central Tank Terminal (CTT or the Company) from an affiliate of Macquarie Infrastructure and Real Assets (MIRA).
  • CTT is Japans largest independent chemical storage tank operator, offering over 300,000 cubic meters of storage capacity across seven terminals located near key ports and strategic hubs around Tokyo Bay, Osaka Bay, Nagoya and Kitakyushu.
  • The Company provides tank storage and auxiliary services to more than 80 blue-chip customers, including major chemical manufacturers with decades-long relationships with CTT.
  • For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co.