INFRONEER Holdings Inc. [5076.T]
TOKYO, Jun 02 (Pulse News Wire) – Infroneer Holdings Inc. (5076.T) completed the acquisition of its subsidiary Mitsui Sumitomo Construction's wholly owned subsidiary, Mitsui Sumitomo Road Construction Co., Ltd., on June 02.
The open tender offer began on March 10 and concluded on April 28, resulting in Infroneer Holdings owning 99.99% of Mitsui Sumitomo Road Construction’s outstanding shares. Following the acquisition, Infroneer Holdings requested the remaining shareholders to sell their shares, which was finalized on May 08.
The company now plans to integrate operations and promote synergies within the group to enhance overall enterprise value. Going forward, Infroneer Holdings aims to optimize resource allocation and investment across the group to further increase corporate value.
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