プラップジャパン has entered into a capital and business alliance with US-based Edelman. Edelman will acquire a stake, giving it a 21.03% voting-rights interest, for a total acquisition value of approximately ¥1.271 billion. The transaction is scheduled to be executed on 30 October.
プラップジャパン announced a capital and business alliance with US-based Edelman, and trading began at a buy-side indicative quote. Edelman said it intends to support business expansion in the Japanese market by leveraging its global PR network and service capabilities.
Edelman will acquire 935,800 shares held by the holding company Cavendish Square Holding in an off-auction transaction and is expected to become the largest shareholder with a 21.03% voting-rights stake.
The total acquisition value is approximately ¥1.271 billion, and execution of the acquisition is scheduled for 30 October. Edelman's participation is expected to strengthen support for Japanese companies expanding overseas and for overseas projects.