Kansai Paint Co., Ltd.
Notice Regarding Additional Acquisition of Equity in an Associate in Turkey (Conversion to Consolidated Subsidiary)
Kansai Paint Co., Ltd. made an additional equity acquisition in its Turkish equity-method affiliate PKB, increasing voting rights from 50% to 100%. Acquisition price: 93 million USD. Impact on consolidated results is TBD; a capital injection into PKB is planned.
Key Figures
- Acquisition price: 93 million USD
- Post-transaction voting rights ratio: 100.0%
- Pre-transaction voting rights ratio: 50.0%
AI要約
Transaction Overview
Kansai Paint Co., Ltd. has made an additional equity acquisition in its Turkish equity-method affiliate PKB and converted the company into a consolidated subsidiary. The acquisition price was 93 million USD. Following the acquisition, the voting rights ratio is 100.0%, shifting from 50.0% to full control.
Outlook and Capital Policy
The impact of this consolidation on consolidated financial results is currently under review and is TBD. After completion, a capital injection into PKB will be executed, intended to repay existing interest-bearing debt. We will disclose any matters that should be announced as they arise.
Kansai Paint Co., Ltd.
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