Monday 15. June 2009
Nippon Paper Group Announces the Acquisition of a Subsidiary through the Purchase of Shares in Shikoku Coca-Cola Bottling Co., Ltd.
he Board of Directors of Nippon Paper Group, Inc. (“NPG”) today resolved to acquire a 54.93% stake in Shikoku Coca-Cola Bottling Co., Ltd., (“Shikoku Coca-Cola”) from NPGs wholly owned subsidiary Nippon Paper Industries Co., Ltd. (“Nippon Paper”) [Headquarters, Tokyo, Kita-ku, Oji 1-4-1, President and Representative Director, Yoshio Haga]. Separately, the Board of Directors of Nippon Paper met today to approve the sale of its 54.93% equity holding in Shikoku Coca-Cola. NPG and Nippon Paper today signed a Stock Purchase Agreement for the transfer of this stock. Please see below for the details of the planned transaction.