24.09.2014 - Strarbucks strengthen the position in Japan
Company Strarbucks, which has 20,863 retail locations in the world announced its intention to take full control of the Japanese Starbucks Coffe Japan. It is reported that the value of the transaction amounted to about 900 million dollars. As a result, the company plans to buy a 60.5% interest in the Japanese business and to pay 500 million dollars to Sazaby League and 408.5 million dollars to private shareholders. It is worth noting that the Japanese market is the second largest in revenue for the company and after the completion of the transaction is planned to open conceptually new network Teavana which will sell tea. The transaction is expected to be completed in the first half of 2015 and will positively affect the market price. We recommend keeping the company's shares in the long-term portfolio with growth potential up to 30-35% per year.