-- Sanyo Trading (TYO:3176) said it will acquire all shares of Kitakyu Sensui to make it a subsidiary, according to a Friday filing on the Tokyo Stock Exchange.
The company will buy 600 shares for an undisclosed amount, resulting in the acquisition of a 100% stake, with the deal expected to close on May 29.
Sanyo Trading said the acquisition will help expand its ocean-related services and support growth in offshore wind power-related business.