Japanese financial services company Mitsubishi UFJ Lease will acquire Hitachi Capital Corporation through business integration valued at about ¥294 billion (US$2.8 billion). The merger will be effective in April 2021 on the approval of a shareholders meeting in late February.
The agreement is based on the capital and business alliance concluded in May 2016, and the two companies have since been in collaboration towards a merger.
Nishimura & Asahi advised Mitsubishi UFJ Lease, while Hitachi Capital was advised by Mori Hamada & Matsumoto.
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