Scrip is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By


Japanese Retailer Aeon Takes Controlling Position In Drug Store Chain CFS

This article was originally published in PharmAsia News

Executive Summary

Japan's major retailer Aeon will increase it shares in CFS Corp., a Shizuoka-based drug store chain. The companies agreed that Aeon will increase shares in CFS from 15 percent to 33.3 percent by acquiring a maximum of 28 million CFS shares in a friendly takeover bid. The companies also agreed to set up a team to implement the measures to strengthen branding and improve business. CFS President Kenji Ishida commented that the agreement will increase enterprise value and move the company toward achieving its business goal of total healthcare. Two Aeon executives will be appointed to the CFS board, and Aeon's Managing Director Tetsuo Imoto will become CFS's vice president. (Click here for more-J apanese language



Ask The Analyst

Please Note: Click here for more information on the Ask the Analyst service.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts