Aeon Retail Co., Ltd concluded a contract to acquire supermarket business in Niigata from MaxValu Tohoku Co.,Ltd. (TSE:2655) for ¥90 million on October 14, 2015. The business reported sales of ¥4.24 billion and operating loss of ¥350 million for the year ending February, 2015. The transaction is expected to be completed on March 1, 2016. Yamada FAS acted as the appraiser to Aeon Retail Co., Ltd and MaxValu Tohoku Co.,Ltd. Yodoyabashi & Yamagami Legal Professional Corporation acted as the legal advisor to MaxValu Tohoku Co.,Ltd.

Aeon Retail Co., Ltd completed the acquisition of supermarket business in Niigata from MaxValu Tohoku Co.,Ltd. (TSE:2655) on March 1, 2016.