Nishimura & Asahi advised Nippon Paint on its $2.7 billion takeover bid for DuluxGroup, a leading Australian decorative paint manufacturer.

The takeover is contingent on the approval of shareholders, the courts and relevant government bodies including the Australian Foreign Investment Review Board and the New Zealand Overseas Investment Office.

The multidisciplinary team includes Yo Ota and Masaki Noda from the corporate and M&A practice, Sakka Kobayashi, Akihiko Izu and James Emerson from the finance practice and Kazumaro Kobayashi from the antitrust practice.