The Competition Commission of India (CCI) has approved the acquisition of shareholding in Hitachi Construction Machinery Co., Ltd. by HCJI Holdings G.K., Citrus Investments, HCJ Holdings 2 G.K., Japan Industrial V – GP K.K., and other investors.

Citrus Investments LLC, a wholly owned subsidiary of ITOCHU Corporation, HCJ Holdings 2 G.K., Japan Industrial - GP, Manalsu, Primrose GP, Shepherds Hill Partners III Ltd., and Sonora Partners III Ltd. through HCJI Holdings G.K., proposes to acquire 26% in the Hitachi Construction Machinery Co., Ltd. from Hitachi Ltd., on a fully diluted basis.

Trilegal advised the acquirers on the competition law aspects of the deal.

The competition team representing the Acquirers was led by Nisha Kaur Uberoi, Partner & National Head – Competition Law; Harshita Parmar and Mathew Geroge, Senior Associates; and Simran Kathuria, Akrathi Shetty, Shivangi Chawla and Nikita Rathi, Associates.

Nishimura & Asahi, Japan acted for Itochu Corporation.

Anderson Mori & Tomotsune represented Japan Industrial Partners.