04.04.2024 12:43:42 - dpa-AFX: Mitsui & Co., ROHTO Pharmaceutical To Acquire Shares In Eu Yan Sang International
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Mitsui & Co., Ltd. has decided to
acquire shares in Eu Yan Sang International Ltd jointly with ROHTO
Pharmaceutical Co. Based in Singapore, EYS manufactures and sells traditional
Chinese medicines. The acquisition of 100% of EYS shares is valued at
approximately 88 billion yen.
A special purpose company, jointly owned by Mitsui and Rohto, will acquire
approximately 86% of the EYS shares from Righteous Crane Holding, pursuant to a
conditional sale and purchase agreement. Upon fulfillment of the condition in
the SPA, a takeover bid for the remaining 14% of EYS shares will be executed and
the founding family of EYS will reinvest partially into the special purpose
company. Mitsui will acquire shares worth an estimated 15 billion yen on a net
basis, excluding the proceeds from the RCH's sale of the EYS shares.
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