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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.
Okamoto Machine Tool Works, Ltd. agreed to acquire Yamato Kouki K.K. The transaction is expected to close on November 1, 2023.