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7 months ago
BRIEF-Valeo obtained permit from Japanese competition authority to take control of Ichikoh in event of successful purchase offer
December 12, 2016 / 7:53 AM / 7 months ago

BRIEF-Valeo obtained permit from Japanese competition authority to take control of Ichikoh in event of successful purchase offer

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Dec 12 (Reuters) - Valeo :

* Obtained permit from Japanese competition authority to take control of Ichikoh in event of successful purchase offer

* As part of its public offering on Ichikoh, which began on Nov. 24 and will end on Jan. 12, 2017, Valeo offers a price of 408 yen per share

* Public offer is subject to a ceiling of 55.08 pct of the capital Ichikoh in order to maintain the liquidity of the security, which will be listed on Tokyo stock exchange

* Valeo currently owns 31.58 pct of Ichikoh Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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