Imabari to Acquire Minaminippon Shipbuilding
Imabari Shipbuilding Co., Ltd. has reached an initial agreement to acquire compatriot Japanese shipbuilder Minaminippon Shipbuilding Co., Ltd.
The takeover, which remains subject to further discussions before the deal is concluded, would take effect April 1, 2018.
Minaminippon’s present shareholders include Mitsui Engineering & Shipbuilding Co., Ltd. (25 percent) and Mitsui O.S.K. Lines, Ltd. (24 percent).