# Knauf to acquire Chiyoda Ute and form joint venture

Knauf plans to acquire outstanding shares of Chiyoda Ute and form a joint venture with a 75% stake, following a tender offer issued in April 2022. Shares will be delisted in late July 2022.

- Type: Acquisition
- Announced: 2022-07-15
- Where: Japan
- Status: announced
- Products: gypsum products
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Knauf](https://endata.com/companies/21151.md) (acquirer)
- [Chiyoda Ute](https://endata.com/companies/64186.md) (target)

## Sources

- [globalgypsum.com](https://www.globalgypsum.com/news/1987-chiyoda-ute-issues-share-sales-request-to-form-joint-venture-with-knauf), 2022-07-15: "The eventual plan is form a joint-venture between the companies with Knauf holding a 75% share."

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