Mitsubishi & Co. to acquire 30% stake in Okamoto Machine Tool Works for ¥9.8B

Mitsubishi & Co. has decided to subscribe to a third-party allocation of new shares by Okamoto Machine Tool Works, Ltd., acquiring a 30% voting stake for 9.8 billion yen, making Okamoto an equity-method associated company. A capital and business alliance agreement was concluded on May 22, 2024.

“Mitsubishi & Co., Ltd. has decided to subscribe to a third-party allocation of new shares by Okamoto Machine Tool Works, Ltd. and have concluded a capital and business alliance agreement.”mitsubish.co

• 1 source
• mitsubish.coSubscription to Okamoto Machine Tool Works, Ltd.'s Third-party Allotment of New Shares and Conclusion of a Capital and Business Alliance Agreement | 2024 | Releases | MITSUBISHI & CO., LTD.May 22, 2024

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