Nippon Paint : (Developments related to previously disclosed information) Notice of Completion of Acquisition of Shares of Cromology Holding SAS
January 21, 2022 at 01:12 pm IST
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Investor Relations (IR)2022.01.21
(Developments related to previously disclosed information) Notice of Completion of Acquisition of Shares of Cromology Holding SAS
January 21, 2022
Company:Nippon Paint Holdings Co., Ltd.Representative:Yuichiro Wakatsuki
Representative Executive Officer & Co-President
Wee Siew Kim
Representative Executive Officer & Co-President
(Code No.: 4612; TSE 1st Section)Contact:Ryosuke Tanaka,
General Manager of Investor Relations
(TEL +81-50-3131-7419)
(Developments related to previously disclosed information)
Notice of Completion of Acquisition of Shares of Cromology Holding SAS
Nippon Paint Holdings Co., Ltd. (NPHD) is announcing that it completed the acquisition and payment on January 20, 2022 for the shares of Cromology Holding SAS (Cromology), a manufacturer of decorative paints and other paint-related products in Europe, and its subsidiaries to make them indirectly owned subsidiaries of NPHD (the "Acquisition"). Regarding this transaction, we earlier announced our commitment to carry out the Acquisition in "Notice Regarding Acquisition of Shares of Cromology Holding SAS by Our Indirectly Owned Subsidiary (Conversion into an Indirectly Owned Subsidiary" on October 20, 2021, and in "(Developments/Corrections to previously disclosed information) Notice Regarding Acquisition of Shares of Cromology Holding SAS by Our Indirectly Owned Subsidiary (Conversion into an Indirectly Owned Subsidiary)" on December 29, 2021.
1. Number of shares transferred, acquisition price, and status of shareholdings before and after the transfer
(1) Number of shares held before the transfer
0 shares (percentage of shareholding: 0.0%)
(2) Number of shares transferred
52,582,555 shares
(3) Acquisition price
EUR 1,128 mn (JPY 147,866 mn)*1
(4) Number of shares held after the transfer
52,582,555 shares (percentage of shareholding: 99.80%)*2
*1 The acquisition price is calculated using the exchange rate of EUR 1.0 = JPY 131.05
*2 It is guaranteed that the Nippon Paint Group can acquire the stock certificates owned by some employees, etc. based on the put and call option agreement concluded with them.
2. Outlook
The impact of the Acquisition on our earnings and financial position will be announced promptly after it becomes clear.
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Nippon Paint Holdings Co. Ltd. published this content on 21 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2022 07:41:01 UTC.
Nippon Paint Holdings Co Ltd is a company mainly engaged in the manufacture and sale of coating materials and fine chemicals products. The Company is involved in the manufacture and sale of paint for automobile-, general- and industrial-uses, as well as fine chemicals. The Company operates in four business segments. The Japan segment conducts paint for automobile-, general- and industrial-uses, as well as fine chemicals business. The Asia segment conducts paint for automobile-, general- and industrial-uses, as well as fine chemicals business in China Singapore, Malaysia, Thailand, Korea, Southeast Asian countries, India. The Oceania segment conducts paint business, such as paint for general-, industrial-uses, and paints peripheral businesses. The Americas segment conducts paint for automobile business and contruction coating materials business.