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European fund EQT to take Japan's Fujitec private for $2.7 billion

European fund EQT to take Japan's Fujitec private for $2.7 billion

CNA30-07-2025
TOKYO :European investment fund EQT will launch a $2.7 billion tender offer for Fujitec at 5,700 yen per share, the Japanese elevator maker said on Wednesday.
Following completion of the tender offer, EQT would own 85 per cent, while Fujitec's founding family would roll over a 15 per cent minority stake, EQT said in a statement.
Shares in Fujitec plunged 9.5 per cent to 5,616 yen in early Tokyo trade. ($1 = 148.4400 yen)
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