KDDI Corporation (TSE:9433) agreed to acquire AEON Holdings Corporation of Japan from the founding family members on November 22, 2017. Post acquisition, AEON Holdings Corporation of Japan will operate as a subsidiary of KDDI Corporation. For the year ended December 31, 2016, AEON Holdings Corporation of Japan reported sales of ¥27.3 billion. The transaction is expected to close on or around January 22, 2018. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as financial advisor to KDDI, KDDI Corporation (TSE:9433) completed the acquisition of AEON Holdings Corporation of Japan from the founding family members for ¥86.2 billion on January 22, 2018.