MBK Co.,Ltd. cancelled the agreement to acquire Avis Japan Co., Ltd.
January 20, 2021
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MBK Co.,Ltd. (TSE:3121) signed a basic agreement to acquire Avis Japan Co., Ltd. on January 20, 2020. Avis Japan reported net assets of ¥29.28 million, total assets of ¥65.11 million, sales of ¥189.02 million, operating income of ¥8.66 million and net income ¥7.12 million for the period ending October 31, 2019. The transaction is expected to be closed in late March 2020.
MBK Co.,Ltd. (TSE:3121) cancelled the agreement to acquire Avis Japan Co., Ltd. on January 20, 2021.
MBK Co.,Ltd. is a Japan-based company mainly engaged in the merchant banking business and operations businesses. The Company operates through two business segments. Merchant Banking segment is involved in the investment business for domestic and foreign companies and real estate. Operation segment is involved in the operation and management of lodging facilities, dining facilities and bowling alleys, as well as the provision of hospital meals.
MBK CO.,LTD. 
