Cases

NTT Corporation - Capital and business tie-up with Tokyo Century Corporation

Leading Japanese law firm Nishimura & Asahi advised Nippon Telegraph and Telephone Corporation (“NTT”) [TSE: 9432] on its capital and business tie-up with Tokyo Century Corporation (“Tokyo Century”) [TSE: 8439], a Japanese leasing and finance company, and on the establishment of a joint venture with Tokyo Century and NTT Finance Corporation, part of the NTT Group, with the aim of strengthening and expanding their leasing and financial business in and outside Japan.

As part of the tie-up, NTT will acquire a 10% stake in Tokyo Century for approximately USD 640 million.

The Nishimura & Asahi team advising NTT was led by partners Takefumi Sato and Madoka Shimada.