SG Holdings Co.,Ltd. completed the acquisition of 84.83% stake in Chilled & Frozen Logistics Holdings Co., Ltd. from Ohmoto Gumi Co., Ltd. and others for ¥100 billion.
July 11, 2024
Share
SG Holdings Co.,Ltd. (TSE:9143) made an offer to acquire Chilled & Frozen Logistics Holdings Co., Ltd. (TSE:9099) from Ohmoto Gumi Co., Ltd. (TSE:1793) and others for ¥120 billion on April 9, 2024. SG Holdings will acquire 21.55 million shares at ¥5,740 each. The tender offer will close on July 12, 2024. Daiwa Securities Co. Ltd. acted as financial advisor and City-Yuwa Partners acted as legal advisors to SG holdings and QuestHub Co. Ltd. acted as financial advisor and TMI Associates acted as legal advisors to Chilled & Frozen Logistics. Nagashima Ohno & Tsunematsu acted as legal advisor and YAMADA Business Consulting Co.,Ltd. acted as financial advisor to Chilled & Frozen Logistics Holdings Co., Ltd.
SG Holdings Co.,Ltd. (TSE:9143) completed the acquisition of 84.83% stake in Chilled & Frozen Logistics Holdings Co., Ltd. (TSE:9099) from Ohmoto Gumi Co., Ltd. (TSE:1793) and others for ¥100 billion on July 12, 2024.
SG Holdings Co Ltd provides delivery business, logistics business and real estate business. The Company operates in three business segments. The Delivery segment provides hikyaku express courier, hikyaku large size courier service, mail service, specified letter service, art transport, delivery agent and food delivery. The Logistics segment provides distribution processing, logistics system construction, inventory storage and delivery management, international courier service and international air and sea transportation. The Real Estate segment provides real estate leasing and management, real estate development, asset management. The Company is also engaged in the transportation non-life insurance agency business, the sale of truck fuel, maintenance and sale of transportation vehicles, development and operation of logistics systems, provision of cash-on-delivery services for courier services, and the provision of human resources centered on work outsourcing in logistics facilities.
SG Holdings Co.,Ltd. completed the acquisition of 84.83% stake in Chilled & Frozen Logistics Holdings Co., Ltd. from Ohmoto Gumi Co., Ltd. and others for ¥100 billion.