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Takeda To Unlock More Cash As It Preps For Shire

 
• By Ian Haydock

Takeda is aiming to free up more cash through asset disposals to help fund its planned acquisition of Shire.

Japanese yen
TAKEDA SEEKS FREE CASH AHEAD OF SHIRE DEAL • Source: Shutterstock

Takeda Pharmaceutical Co. Ltd. is looking to raise a higher total of JPY190bn ($1.74bn) in unlocked cash by the end of its current fiscal year to next March 31, to help fund its planned $62bn acquisition of Shire PLC.

The figure is up from the JPY130bn guidance given in May last year, and will be funded by the disposal of real estate assets and sale of investment securities, said the company, which is moving out from its old site in Tokyo to a recently completed new Japan headquarters in the city

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