OREANDA-NEWS. February 25, 2011. AUTOBACS SEVEN Co., Ltd. (“the Company,” Representative Director and CEO: Setsuo Wakuda), announced today that its board of directors resolved to carry out the merger of its two subsidiaries, Super Auto Nagoya Ltd.(“SAN”) and AUTOBACS Meinan Ltd.(“ABM”), in line with the AUTOBACS 2010 Medium-term Business Plan. Disclosure information and details about this merger are partly omitted as it is a merger between the Company’s consolidated subsidiaries.

1. Purpose of the merger

The Company is aiming to expand the Group’s market share and raise the profitability of stores by focusing on enhancing the domestic franchise chain business in its Medium-term Business Plan. To strengthen store competiveness within the Nagoya market and improve operating efficiency, the Company has decided to merge the above two store operating subsidiaries.

2. Major Points of the Merger

1) Schedule of the Merger
Date of the Board’s resolution: February 24, 2011
Planned Merger Date (Effective date): April 1, 2011
2) Method of the Merger
Merger by absorption in which SAN becomes the surviving company and ABM becomes the absorbed company.

More information here - http://www.autobacs.co.jp/en/news/news_en.php?id=1448