Nishimura & Asahi advised KDDI on $3.3 billion Lawson privatization bid
Nishimura & Asahi advised KDDI on $3.3 billion Lawson privatization bid
It is expected to hold 50 percent after the deal’s completion, with Mitsubish Corp holding the remaining 50 percent
Nishimura & Asahi has advised Japanese telecommunication company KDDI on its 496.5 billion yen ($3.3 billion) offer to take convenience store chain Lawson private. The acquisition is likely to commence in April.
In Japan, convenience stores play a vital role, serving as essential social infrastructure by fulfilling diverse functions including handling tax payments and providing residence certificate services.
Makoto Takahashi, the president at KDDI stated, “These functions complement our communications and DX offerings.”
The Nishimura & Asahi team was led by partners Tatsuya Tanigawa, Cuiping Zhang, Susumu Tanizawa, Kazumaro Kobayashi, Yoshito Wakabayashi, Junko Wakabayashi, and Satoru Yoshikawa.
The AMT team was headed by partner Keita Tokura.
Lawson is being represented by Anderson Mori & Tomotsune with Nagashima Ohno & Tsunematsu guiding Mitsubishi Corp, the current shareholder.
