Joint Transaction Toward the Acquisition of All Shares in Aircastle
First written in FY2020-Q2. 2 of 4 entries say "Advanced", first in FY2024. Latest entry: FY2025-H1.
3 other companies' latest entry also says "Advanced".
- FY2025-H1AdvancedAnnual report
「During the current interim consolidated accounting period, the Company recognized ¥16,949 million in gain on the occurrence of negative goodwill arising from the additional acquisition of shares in Mizuho Leasing Company,Limited, which became an equity-method affiliate as a result.」
Through the additional acquisition of shares in Mizuho Leasing Company,Limited, the Company made it an equity-method affiliate and recognized ¥16,949 million in gain on the occurrence of negative goodwill. The progress of the capital relationship, against the background of joint initiatives involving Aircastle and other businesses, was updated in the interim results. - FY2024AdvancedAnnual report
「On 18 June 2024, the Company subscribed for part of the shares issued in the third-party allotment and acquired shares from existing shareholders. As a result, including its existing holdings, the Company came to hold 20.00% of the total shares issued by Mizuho Leasing Company,Limited following the third-party allotment, making Mizuho Leasing Company,Limited an equity-method affiliate of the Company.」
The Company advanced a capital and business alliance with Mizuho Leasing Company,Limited, with which it had pursued joint initiatives through Aircastle, and completed the share acquisition on 18 June 2024, making Mizuho Leasing Company,Limited an equity-method affiliate with a 20% holding. - FY2020AchievedAnnual report
「The transaction was completed on 27 March 2020 after the necessary approvals and permits were obtained from the relevant authorities on 24 March 2020 and the transaction conditions were satisfied.」
The joint acquisition of all Aircastle shares was completed on 27 March 2020, making Aircastle a joint venture in which 丸紅 and Mizuho Leasing Company,Limited each held 50%. - FY2020-Q2First statedAnnual report
「The Company (including its consolidated subsidiaries; the same applies below) entered into related agreements with Aircastle Limited, an affiliate and a US aircraft leasing company listed on the New York Stock Exchange (Aircastle), dated 6 November 2019, concerning the joint acquisition of all Aircastle shares with Mizuho Leasing Company,Limited (the transaction). Following completion of the merger, MM Air Limited will transfer shares to the Company, resulting in the Company's final direct voting interest in Aircastle being expected to reach 50%, with Aircastle becoming the Company's joint venture.」
The Company entered into related agreements with Mizuho Leasing Company,Limited on 6 November 2019 to jointly acquire all shares of Aircastle. The acquisition price was approximately US$1,142 million, the expected total direct and indirect ownership interest after the merger was 75%, and the final direct ownership interest was expected to be 50%. The effective date was scheduled for between the fourth quarter of fiscal 2019 and the first quarter of fiscal 2020.