Partial Transfer of Shares in MIKUNI COCA-COLA BOTTLING CO., LTD
OREANDA-NEWS. December 14, 2012. Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President & CEO: Masami Iijima) agreed to transfer a part of its shares in MIKUNI COCA-COLA BOTTLING CO., LTD. ("MIKUNI CCBC"), 10,610,100 shares (22.0% of total voting rights), to European Refreshments ("ER"), a wholly owned subsidiary of The Coca-Cola Company ("TCCC") for consideration of JPY 15.49 billion, JPY 1,460 per share, and the share transfer agreement was concluded today.
Considering the realization of business integration of 4 Coca-Cola bottlers in Kanto region including MIKUNI CCBC, and Mitsui's corporate strategy to optimize its business portfolio, Mitsui has decided to transfer a part of common stocks of MIKUNI CCBC it holds to ER. In addition, to continue to support the enhancement of enterprise value of MIKUNI CCBC after the share transfer, Mitsui today concluded a business alliance agreement with MIKUNI CCBC.
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