Osaka Gas Chemicals Co., Ltd (“Osaka Gas”) agrees to acquire 100% stake in Jacobi Carbons AB and all its affiliates (“Jacobi Group”), for a consideration of USD 400 million. Jacobi Group, headquartered in Sweden, is the world’s largest manufacturer and distributor of coconut shell activated carbon.

Nishith Desai Associates, represented and advised Osaka Gas on the transaction as Indian legal counsel.