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News Chiyoda Ute issues share sales request to form joint-venture with Knauf

Chiyoda Ute issues share sales request to form joint-venture with Knauf

Written by Global Gypsum staff
15 July 2022
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Japan: Chiyoda Ute has issued a share sales request as part of ongoing plans to form a joint-venture with Germany-based Knauf. Knauf is expected to acquire the outstanding shares. Shares in Chiyoda Ute will then be delisted in late July 2022. The move follows a tender offer from Knauf that was issued in April 2022. The eventual plan is form a joint-venture between the companies with Knauf holding a 75% share.

Last modified on 22 July 2022
Published in Global Gypsum News
Tagged under
  • Japan
  • Chiyoda Ute
  • Joint Venture
  • corporate
  • shares
  • Knauf
  • Germany
  • GGM49

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