Nippon Paint Holdings Co., Ltd. - Acquisition of DuluxGroup Limited

Leading Japanese law firm Nishimura & Asahi is advising Nippon Paint Holdings Co., Ltd. (“Nippon Paint”) [TSE: 4612], the largest maker of paint and coatings in Japan, on its AUD 3.8 billion (USD 2.7 billion) takeover bid for Australia’s DuluxGroup Limited (“DuluxGroup”) [ASX: DLX], which makes, sells and distributes paints, coatings, adhesives, and garden and building products. 

The takeover is subject to approval by shareholders, the courts, the Australian Foreign Investment Review Board and the New Zealand Overseas Investment Office.

The Nishimura & Asahi team advising Nippon Paint is led by Yo Ota and Masaki Noda from our corporate/M&A practice together with Sakka Kobayashi, Akihiko Izu and James Emerson, supported by Toshiyuki Nonaka from our finance practice and Kazumaro Kobayashi from our antitrust practice.