Tsuzuki Corporation and Nishigaki Lumber,Inc. agreed to acquire 30% stake in Seven Industries Co., Ltd. (TSE:7896) from Sumitomo Corporation (TSE:8053) on February 20, 2015. Tsuzuki and Nishigaki Lumber will acquire 2.36 million and 2.07 million shares respectively. The transaction is expected to close on February 26, 2015.

Tsuzuki Corporation and Nishigaki Lumber,Inc. completed the acquisition of 30% stake in Seven Industries Co., Ltd. (TSE:7896) from Sumitomo Corporation (TSE:8053) on February 26, 2015.