# Shinkawa completes acquisition of 92.79% stake in Apic Yamada for ¥6.9 billion

Shinkawa Ltd. completed the acquisition of a 92.79% stake in Apic Yamada Corporation from Hachijuni Capital, The Hachijuni Bank, and other shareholders for ¥6.9 billion. The deal was originally signed on February 12, 2019.

- Type: Acquisition
- Announced: 2019-06-26
- Where: Japan
- Value: $63.6M (6.90B JPY)
- Status: completed
- Products: industrial machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Yamaha Motor](https://endata.com/companies/585.md) (investor)
- [Shinkawa](https://endata.com/companies/40277.md) (acquirer)
- [Apic Yamada](https://endata.com/companies/40278.md) (target)
- [Hachijuni Capital](https://endata.com/companies/40279.md) (partner)
- [The Hachijuni Bank](https://endata.com/companies/40280.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/THE-HACHIJUNI-BANK-LTD-6492401/news/Shinkawa-Ltd-completed-the-acquisition-of-92-79-stake-in-Apic-Yamada-Corporation-from-Hachijuni-Ca-34249611/), 2019-06-26: "Shinkawa Ltd. completed the acquisition of 92.79% stake in Apic Yamada Corporation from Hachijuni Capital Co., Ltd., The Hachijuni Bank, Ltd., Toshihiko Tabata, APIC Yamada employee stock ownership, client of KGI ASIA LIMITED and other shareholders for ¥6.9 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.