Brief: Idea International to fully acquire SHICATA for 1.59 bln yen

Bruno

06/04/2018 08:10

April 6 (Reuters) - Idea International Co Ltd  3140.T  
   
    * Says it plans to fully acquire SHICATA CO on April 27, at
the
price of 1.59 billion yen
    * Says SHICATA is mainly engaged in design and manufacture
of bag
and brand business 
    * Says it takes out loan of 1 billion yen on March 30, with
interest rate of 1.2 percent per annum and term of five years 
    * Says loan will be used to fund the acquisition 

    Source text in Japanese: https://goo.gl/mp2YyQ;
https://goo.gl/J12aRb
    Further company coverage: 3140.T 

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