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Investing.com -- Blackstone (NYSE:BX) is planning to acquire TechnoPro Holdings, a major Japanese engineer staffing firm, for approximately 500 billion yen ($3.39 billion), according to a Tuesday report from the Nikkei business daily.
The private equity firm will likely offer just under 4,900 yen per TechnoPro share in a tender offer that is expected to be launched soon, the Nikkei reported.
TechnoPro Holdings is a significant player in Japan’s engineering staffing sector, providing specialized technical personnel to various industries.
The acquisition would mark another major investment by Blackstone in the Japanese market as the firm continues to expand its portfolio in Asia.
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