Kirin Holdings Company, Limited (TSE:2503) proposed to acquire remaining 67.48% stake in Fancl Corporation (TSE:4921) for ¥220 billion on June 14, 2024. The transaction is subject to approval of merger agreement by target board. The Board of Directors of Fancl Corporation formed a special committee for the transaction.

Financed through interest-bearing debt. The expected completion of the transaction is July 29, 2024. Nagashima Ohno & Tsunematsu as itslegal advisor and Nomura Securities Co., Ltd. as its financial advisor to Kirin Holdings Company, Limited (TSE:2503).

Mori Hamada & Matsumoto (?MHM?) and Uryu & Itoga as its own legal advisor and PLUTUS CONSULTING Co., Ltd and Plutus Consulting Co., Ltd. as its own financial advisor to Fancl Corporation.