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S B S Holdings, Inc. ( (JP:2384) ) has issued an update.
SBS Holdings, Inc. has announced its decision to acquire a 66.6% stake in Bridgestone Logistics Co., Ltd., a subsidiary of Bridgestone Corporation, to make it a consolidated subsidiary. This acquisition is part of SBS Holdings’ strategy to enhance its logistics capabilities by leveraging Bridgestone Logistics’ expertise and network, aiming for synergies and integrated logistics services. The acquisition is expected to be completed by October 1, 2025, pending regulatory approvals, and will maintain continuity in Bridgestone Logistics’ operations.
More about S B S Holdings, Inc.
SBS Holdings, Inc. operates in the logistics industry, providing comprehensive logistics solutions. The company focuses on expanding its business scale and service areas through mergers and acquisitions, aiming to secure top-tier talent and resources.
Average Trading Volume: 75,632
Technical Sentiment Signal: Buy
Current Market Cap: Yen115B
For detailed information about 2384 stock, go to TipRanks’ Stock Analysis page.