Sumitomo Corporation (Sumitomo Shoji Kaisha,Ltd.) (8053) · InitiativeAchieved
Agreement to cooperate in taking T-Gaia private
First written in FY2025-H1. 1 of 2 entries say "Achieved", first in FY2025. Latest entry: FY2025.
2entries
2years
0from disclosures
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Cooperation in T-Gaia’s Going-Private Transaction and Sale of SharesA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2025AchievedAnnual report
「Asset replacement is progressing steadily, accelerating the renewal of the business portfolio, including the sale of T-Gaia and the sale of Midas in the US tire sales business (Note), among others.」
Following the agreement to cooperate in taking T-Gaia private, the sale of T-Gaia was reported as an asset replacement transaction. The sale of Midas is expected to be completed during fiscal 2025. - FY2025-H1First statedAnnual report
「On 30 September 2024, we entered into an agreement with BCJ-82-1 and T-Gaia to cooperate in taking T-Gaia private in connection with a series of transactions through which BCJ-82-1 would make T-Gaia its wholly owned subsidiary.」
On 30 September 2024, an agreement was signed to cooperate in taking T-Gaia private through a series of transactions to make T-Gaia a wholly owned subsidiary of BCJ-82-1. The main text does not specify the timing of completion or details concerning the disposal of our interest.