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Infroneer to Acquire Sumitomo Mitsui Construction

Infroneer to Acquire Sumitomo Mitsui Construction

Infroneer CEO Kazunari Kibe (left) and Sumitomo Mitsui Construction President Toshio Shibata pose for a photo after a press conference in Tokyo on Wednesday.
Infroneer CEO Kazunari Kibe (left) and Sumitomo Mitsui Construction President Toshio Shibata pose for a photo after a press conference in Tokyo on Wednesday.

   Tokyo, May 15 (Jiji Press)--Infroneer Holdings Inc., the parent of Japanese construction firm Maeda Corp., said Wednesday that it will acquire Sumitomo Mitsui Construction Co. for about 94 billion yen.
   The acquisition is designed to help Infroneer and Sumitomo Mitsui Construction strengthen their finances as the Japanese construction industry struggles with labor shortages and higher materials costs.

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AFP-JIJI PRESS NEWS JOURNAL


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