Valor Holdings, Kohnan Shoji Agree Capital, Business Tie-Up

MT Newswires Live

02/13

Valor Holdings (TYO:9956) agreed to a basic capital and business alliance with Kohnan Shoji (TYO:7516) and will also sign non-tender and shareholders' agreements tied to Kohnan Shoji's planned tender offer for shares of Valor unit Alleanza Holdings (TYO:3546), according to a Friday filing on the Tokyo Stock Exchange.

Valor said the alliance aims to strengthen its business base by expanding existing cooperation with Konan Shoji in key regions, private-brand products and logistics, while considering capital participation to deepen ties over the medium to long term.

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