Japan's Mitsubishi Corp acquired 91 percent of Norwegian salmon farmer Cermaq in a $1.4 billion bid for the firm, which holds extensive fishing assets in Norway and Chile, it said on Tuesday.
Although some investors expected a competing bid, the deal was essentially sealed on Monday when the Norwegian government, which holds 59 percent of the firm, sold its shares to Mitsubishi.
Nishimura & Asahi has advised Panasonic Connect, a subsidiary of Japan’s Panasonic Holdings, on a strategic capital partnership with ORIX for its projector business.
Shackled by a shrinking population and weak domestic demand, corporate Japan has been looking overseas for inorganic expansion as anaemic domestic fundamentals curtail growth prospects and investor confidence.
Japanese firm Tokyo International Law Office has continued its growth this year with the hire of two new partners: Makiko Kawamura joins from EY Japan to launch a new tax practice, while construction expert Hojung Jun comes on board from Baker McKenzie.