Yomiuri: Tender Offer for Sumitomo Mitsui Construction Shares Completed, Infroneer Says

Dow Jones

Sep 22

By Rui Suzuki

Yomiuri Shimbun Staff Writer

Infroneer Holdings Inc., a semi-major general construction company in Japan with Maeda Corp. under its umbrella, announced Friday that its tender offer for Sumitomo Mitsui Construction Co. had been completed.

Sumitomo Mitsui Construction shares are expected to be delisted from the Tokyo Stock Exchange Prime Market.

Infroneer conducted the tender offer from Aug. 6 to last Thursday. It will purchase 126,464,423 shares, equivalent to 80.61% of voting rights, for about 75.8 billion yen. It plans to implement "squeeze-out" procedures to compulsorily acquire the remaining shares.

Infroneer has expertise in tunnel and dam construction. By incorporating the knowledge and technical capabilities of Sumitomo Mitsui Construction, which excels in road construction as well as water supply and sewer projects, Infroneer aims to grow its infrastructure business.

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This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content.

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September 22, 2025 02:08 ET (06:08 GMT)

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