Fairtrade regulator on Tuesday said it has approved a combination proposal filed jointly by Keihin Corporation, Nissin Kogyo Co. Ltd., Showa Corporation and Hitachi Automotive Systems Ltd to form a joint venture between Honda Motor Co Ltd (HAMCL) and Hitachi Ltd.

— Business Standard

The transaction saw the amalgamation of Keihin Corporation, Nissin Kogyo, and SHOWA Corporation into Hitachi Automotive Systems and the creation of a joint venture between Hitachi and Honda Motor Corp. The JV envisages of being a global mega-supplier of automobile and motorcycle systems with a consolidated revenue scale of 1.7 trillion.

Khaitan & Co advised Honda Motor Co Ltd, Hitachi Automotive Systems Ltd, Keihin Corporation, Nissin Kogyo Co Ltd and SHOWA Corporation led by a team of partner Manas K Chaudhuri, partner Sagardeep Rathi, principal associate Pranjal Prateek, senior associate Soham Banerjee, associate Ebaad Nawaz Khan and associate Alisha Mehra.

Primary jurisdiction of deal: Global

2019-10-30

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