TOKYO, May 29 (Pulse News Wire) – Kuradashi.co.,ltd. (5884.T) announced the acquisition of Chukyo Electric Power's entire shareholding through a subsidiary structure to expand its renewable energy value chain.
The deal was signed, with the planned completion date set for June 9, 2026. Chukyo Electric Power operates retail electricity services across 79 high-voltage and 564 low-voltage locations. By integrating Chukyo Electric Power’s operations, Kuradashi aims to vertically expand its power sector from generation to retail.
Funding for the acquisition will come entirely from existing cash reserves. Financially, the transaction involves acquiring 100% of Chukyo Electric Power’s outstanding shares, at a price equivalent to at least 15% of Kuradashi’s net assets (the exact amount undisclosed due to confidentiality). A detailed impact assessment is currently underway, considering various factors.
The board approved the decision.
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