Battle for control of Pentel

摘要

There have been further twists in the investment by Japanese stationery and office furniture giant Kokuyo in writing instruments manufacturer Pentel. Early in 2019, Kokuyo acquired an indirect 37.5% stake in Pentel when it bought out a fund held by Mercuria Investment. After several months of discussions, Pentel's board finally agreed in late September to a transfer of these shares to Kokuyo, making it the largest shareholder in the pen maker.