Japan Airport Terminal Co., Ltd. (TSE:9706) signed a share transfer agreement to acquire 26.8% stake in AGP Corporation (JASDAQ:9377) from Mitsubishi Corporation (TSE:8058) for ¥2.3 billion on November 8, 2019. Japan Airport Terminal Co., Ltd. will acquire 3.74 million shares at ¥603 per share. The Acquisition will take place after advance notification to the Fair Trade Commission has been made under Article 10 (2) of the Act on Prohibition of Private Monopolization and Maintenance of Fair Trade, and, once the required waiting period has passed, notice is received that, as a result of examination by the Fair Trade Commission, no Cease and Desist Order will be issued by the Commission.

The deal is resolved by the Board of Directors of Japan Airport Terminal Co., Ltd. The transaction is expected to close on February 4, 2020. The impact of the acquisition on Japan Airport Terminal Co., Ltd.'s consolidated business performance and financial status will be minor.