Sado Kisen has been acquired by Michinori Holdings and Daishi Hokuetsu Bank
Tokyo – CFI is pleased to announce that it acted as exclusive financial advisor in work related to private placement of common stock, class shares and stock acquisition rights by Sado Kisen to Michinori Holdings, and private placement of class shares to Daishi Hokuetsu Bank, Ltd.
Founded in 1913 under the name ‘Sado Shosen’, Sado Kisen produces steam ships and ferries that link the cities of Niigata and Sado, Japan.
Michinori Holdings is a holding company based in Chiyoda, Toyko, and aims to increase the long term and sustainable business value of public transportation entities.
Daishi Hokuetsu Bank is a Niigata based bank with over 200 offices across Japan.
This transaction closed on 31 March 2022.
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Sado Kisen, a producer produces steam ships and ferries, has been acquired by Michinory Holdings and Daishi Hokuetsu Bank
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