Nissei Plastic Industrial Co.,Ltd. (TSE:6293) agreed to acquire 75% stake in Negri Bossi S.P.A. from Kingsbury Corporation on November 21, 2019. Under the terms, Nissei Plastic will acquire 43.77 million shares in Negri. For the fiscal year ending December 2018, Negri Bossi had net assets of €10.3 million, total assets of €97.8 million, net sales of €94.5 million, operating loss of €0.35 million and net loss of €1.9 million. Following acquisition, Kingsbury Corp. will maintain a minority stake in the Negri. The completion is expected on January 27, 2020. As of November 28, 2019, the transaction is expected to complete in the in the first quarter of 2020. The deal is subject to due diligence investigation. Giuseppe Grasso and Maximiliano Turelli of K Finance Srl acted as financial advisor while Pietro Zanoni and Alessia Trevisan of NCTM Studio Legale Associato acted as legal advisors for Negri Bossi and Kingsbury Corporation. Kita Yasuyuki of Yamada Consulting Group acted as financial advisor, Stefano Marchetti, Antonio Aiuto, Gianni Bittetti, Mattia Tencalla and Martina Cellana of Grant Thornton conducted financial and fiscal due diligence and Giovanni Gazzaniga and Emilio De Giorgi of Allen & Overy assisted as legal advisor to Nissei in the transaction. Tatsuya Soeda of Hibiya-Nakata acted as legal advisor to Nissei Plastic Industrial.