Adeka Corporation: Acquisition of majority stake in Nihon Nohyaku Co., Ltd.

Leading Japanese law firm Nishimura & Asahi has advised Adeka Corporation (“Adeka”) [TSE: 4401] on its signing of a strategic alliance agreement and the contemplated acquisition of a 51% stake in Tokyo-based agrochemical manufacturer Nihon Nohyaku Co., Ltd. [TSE: 4997], via a friendly tender offer valued at JPY 10.850bn and a third-party allocation of new shares. 

Adeka, founded in 1917 and headquartered in Tokyo, Japan, manufactures various chemical and food products, including epoxy resin, polyurethane and margarine.

The Nishimura & Asahi team advising Adeka was led by partners Yo Ota and Daisuke Matsubara.