EREX Spark Marketing Co., Ltd. cancelled the acquisition of eREX Spark Area Marketing Co., Ltd. from eREX Co.,Ltd. and other shareholders.
December 19, 2018
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eREX Spark Marketing Co., Ltd. agreed to acquire eREX Spark Area Marketing Co., Ltd. from eREX Co.,Ltd. (TSE:9517) and other shareholders on December 20, 2017. No cash and shares will be allocated as the merger is between consolidated subsidiaries of eREX Co.,Ltd. After the transaction, eREX Spark Marketing Co., Ltd. will be the surviving company and eREX Spark Area Marketing Co., Ltd. will be the dissolving company. The transaction is expected to be completed on March 1, 2018.
eREX Spark Marketing Co., Ltd. cancelled the acquisition of eREX Spark Area Marketing Co., Ltd. from eREX Co.,Ltd. (TSE:9517) and other shareholders on December 20, 2018.
eREX Co.,Ltd. is a Japan-based power producer and supplier (PPS), engaged in the electric power distribution via power grid owned by general electric utilities. The Companyâs electric power businesses include electric power retail, electric market trading and power supplies development. In its electric power retail business, it involves in the retail of electric power in an inexpensive price than electric utilities. In its power supplies development business, it involves in the planning, design and construction of power-generating equipment.