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Investing.com -- Private equity firm Bain Capital is preparing a tender offer for Japanese electricity wholesaler Rezil, Nikkei reports, with a deal expected to be valued at approximately 50 billion yen ($340 million).
The proposed transaction would take Rezil private, despite the company only recently being listed on public markets. According to Nikkei, citing sources familiar with the matter, Bain’s acquisition plan aims to position Rezil for a more aggressive merger and acquisition strategy.
Rezil operates in Japan’s electricity wholesale market, and the potential buyout represents a significant move in the country’s energy sector. The tender offer is currently in preparation, though specific timing details have not yet been disclosed.
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