Financial Wire

Infroneer Denies Media Report On Swing Acquisition Talks

-- Infroneer (TYO:5076) said a media report claiming it had decided to acquire waterworks operator Swing for over 90 billion yen was not based on a company announcement, according to a Tuesday filing on the Tokyo Stock Exchange.

The company said it is currently in discussions regarding the matter and plans to submit it to a board of directors meeting held the same day.

A report had said Infroneer plans to buy stakes in Swing from Mitsubishi Corporation (TYO:8058), Ebara Corporation (TYO:6361) and JGC Holdings (TYO:1963) in a deal exceeding 90 billion yen.

Swing, which designs, builds and operates water treatment plants, generated about 82.9 billion yen in revenue in the year ended March 2025 and operates more than 300 sites.

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Infroneer Denies Media Report On Swing Acquisition Talks | Financial Wire