Aeon to acquire Aeon Mall in share exchange deal

** Aeon Co., Ltd. (TSE: 8267) announced today it has reached an agreement to acquire AEON Mall Co., Ltd. through a share exchange, making the latter a wholly-owned subsidiary. The deal, based on repeated discussions following a memorandum of understanding in February, is scheduled to close on July 1, 2025. Under the terms, AEON will deliver 0.65 of its shares for each AEON Mall share. AEON Mall shares will be delisted from the Tokyo Stock Exchange Prime Market on June 27, 2025, with the last trading day being June 26, 2025. The company intends that the merger will leverage scalability for the AEON Group and talent for AEON Mall. They cited intentions to expand business opportunities by utilizing AEON Group real estate, driving developer business growth, and improving customer support through unified digital marketing.