Chimney Co., Ltd. entered into basic agreement to acquire 11.16% stake in Marche Corporation from Tadanari Tanigaki and Yaeko Tanigaki.

Chimney Co., Ltd. (TSE:3178) entered into basic agreement to acquire 11.16% stake in Marche Corporation (TSE:7524) from Tadanari Tanigaki and Yaeko Tanigaki on June 27, 2017. Chimney will acquire 0.89 million shares from Tadanari Tanigaki and 0.05 million shares from Yaeko Tanigaki. The transaction is expected to close on June 30, 2017.