Yamato Holdings Co (JP:9064) has released an update.
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Yamato Holdings Co. has announced plans to acquire 87.7% of Nakano Shokai Co., Ltd’s shares, making it a consolidated subsidiary. This acquisition aligns with Yamato’s Medium-term Management Plan to expand its business portfolio, particularly enhancing its Contract Logistics and Express Business sectors. The move aims to generate synergies and cost efficiencies by leveraging the combined resources of both companies.
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