Daiwabo to Take 21% Stake in BCC for 599 Million Yen

MT Newswires Live11-27

IT infrastructure distributor Daiwabo (TYO:3107) plans to invest about 589.8 million yen to acquire a 21.26% stake in IT sales outsourcing firm BCC (TYO:7376) through a third-party allotment of new shares, according to its Tokyo bourse filing on Thursday.

The two companies have also entered into a capital business alliance to address the IT industry's labor shortage by sharing knowledge and facilitating personnel exchanges.

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