# Toyo Aluminium and UACJ Foil postpone merger

Toyo Aluminium K.K. and UACJ Foil Corporation have postponed their planned business merger, originally scheduled for April 1, 2023, due to antitrust procedures. JIC Capital will acquire 80% of the new integrated company's voting stock.

- Type: Acquisition
- Announced: 2023-02-27
- Where: Japan
- Status: announced
- Products: aluminium foil
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [UACJ](https://endata.com/companies/19822.md) (partner)
- [Nippon Light Metal Company](https://endata.com/companies/44907.md) (partner)
- [Toyo Aluminium](https://endata.com/companies/65022.md) (target)
- [UACJ Foil](https://endata.com/companies/65023.md) (target)
- [JIC Capital](https://endata.com/companies/65024.md) (acquirer)

## Sources

- [toyal.co.jp](https://www.toyal.co.jp/eng/whatsnews/2023/02/2023022701.html), 2023-02-27: "preparations for Management Integration is requiring more time due in part to procedures pursuant to the Antimonopoly Act; therefore, we hereby announce that we have decided to postpone the dates for the scheduled Management Integration."

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