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NICHIMO CO LTD to Acquire SAN ARAWA S.A.
NICHIMO CO LTD announced that it has decided to acquire 9,860,312 shares of SAN ARAWA S.A., which is an Argentina-based company engages in the marine business, for approximately JPY 2,300 million in total, in February 2013. As a result, the Company will hold 80% voting rights of SAN ARAWA, up from 13.92%, and SAN ARAWA will become a subsidiary of the Company.
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