All data are based on the daily closing price as of May 24, 2024

Aeon in Exclusive Negotiations with Oasis to Boost Stake in Tsuruha Holdings

Aeon aims to expand its presence in the drugstore sector by acquiring additional shares from Oasis Management in Tsuruha Holdings
Japan
a 8267.TSE t 3391.TSE Blue Chip 150 Mid and Small Cap 2000
Share this on

Japanese retail conglomerate Aeon is in exclusive discussions with Hong Kong-based activist investor Oasis Management to acquire its shares in Tsuruha Holdings, a prominent drugstore chain. The specifics of the deal, including the number of shares and the price per share, are currently under negotiation. This move is a strategic effort by Aeon to strengthen its position in the drugstore business, which is a vital component of its growth strategy.

Aeon and Oasis Management each hold approximately 13% of Tsuruha. By increasing its stake, Aeon seeks to bolster its drugstore portfolio, which already includes a 51% ownership of Welcia Holdings and a 10% stake in Kusuri No Aoki Holdings.

An Aeon spokesperson confirmed that the company has informed Tsuruha about its ongoing discussions with Oasis regarding a potential stock purchase. Notably, these talks are proceeding without Tsuruha’s approval, although such consent is not mandatory for the acquisition to advance.

As of now, Tsuruha has not issued any comments on the matter, and attempts to reach Oasis for a statement have been unsuccessful. This potential acquisition underscores Aeon’s commitment to expanding its footprint in the healthcare and retail sectors, aligning with its broader business objectives.

Share this on
Jakota Newsletter

Stay ahead in the JAKOTA stock markets with our roundup of vital insights

Icon scroll to top