Kobelco Eco-Solutions Co., Ltd. (TSE:6299) signed a basic agreement to acquire waste disposal facility-related business from IHI Enviro Corporation on March 27, 2018. The consideration will be paid in cash. Kobelco Eco-Solutions Co., Ltd and IHI Enviro Corporation will sign an absorption-type split agreement at the end of September 2018. An absorption-type split contract was signed between Kobelco Eco-Maintenance Co.,Ltd. and IHI Enviro Corporation for ¥5.4 billion on September 27, 2018. Kobelco Eco-Solutions Co., Ltd. has resolved in favor of the contract. The transaction is expected to close on January 1, 2019. Financial Advisory Service Co., Ltd. acted as independent appraiser in the deal.