September 20, 2011
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The public take-over bid launched on July 22 for Kojitu by Japanese Limited Partnership DRC II, jointly with international institutional investors, completed successfully on September 15, 2011, with the resultant DRC Group's holding close to 80%. DRC Group is planning to proceed with the full ownership and privatization of this holding company of the Japan's oldest and the single largest retail shop chain specialized in mountaineering gear and wear in order to focus on the growth of its core retail business.
