Tokai Carbon and Tokai COBEX to acquire Carbone Savoie International SAS, a Carbon and Graphite Manufacturer | Graphite & Carbon | graphitecarbon.ru

Tokai Carbon and Tokai COBEX to acquire Carbone Savoie International SAS, a Carbon and Graphite Manufacturer

April 10, 2020

Tokai Carbon Co., Ltd. (hereinafter “Tokai Carbon” or “we”) is pleased to announce that an extraordinary board meeting was held today and approved of signing the Put Option Agreement relating to a Securities Purchase Agreement regarding Tokai Carbon and Tokai COBEX GmbH (“TCX”), our subsidiary company, jointly acquiring 100% shares in Carbone Savoie International SAS (“CSI”), the holding company of a French manufacturer of carbon and graphite products, Carbone Savoie SAS (“CS”) to make the company our subsidiary (the “Transaction”). Shares in CSI will be acquired 70% by Tokai Carbon and 30% by TCX respectively and therefore Tokai Carbon group will own 100% shares to make CSI and CS our consolidated subsidiaries. The transaction will be presented on a consultative basis to the applicable employee representative bodies and subject to relevant legal proceedings.

Source: Tokai Carbon Co., Ltd.

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