ITOHAM YONEKYU HOLDINGS INC. [2296.T]
TOKYO, Jun 18 (Pulse News Wire) – ITOHAM YONEKYU HOLDINGS INC. (2296.T) announced today that its subsidiary, ANZCO Foods Limited, will acquire all shares of Greenlea Group Limited in New Zealand for approximately NZ$800 million.
The acquisition aims to accelerate overseas growth and enhance profitability as part of the company's long-term strategy outlined in May 2024. Greenlea, based in Hamilton, New Zealand, specializes in meat processing and sales. It was established on September 15, 1982, and had a capital of NZ$44 million as of September 2025. The transaction is expected to close in late August 2026 pending regulatory approval.
Following the acquisition, ANZCO will hold 100% of Greenlea’s ordinary shares, increasing its voting rights to 100%. The purchase price is subject to adjustments based on Greenlea's net debt and working capital upon completion of the deal. The exchange rate used for valuation purposes is 1 New Zealand dollar to ¥95. ITOHAM YONEKYU is currently assessing the impact on its fiscal year ending March 2027 and will promptly disclose any necessary revisions to its earnings forecast.
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