Olympus Corp. (OCPNY.PK) and Sony Corp. (SNE,SON.L) announced that they recently received all necessary regulatory approvals and now expect to establish the medical business venture company on April 16, 2013 in accordance with the business alliance agreement executed on September 28, 2012.
In September 2012, Olympus and Sony had said that they entered into a business alliance agreement and a capital alliance agreement through a third-party allotment of Olympus's common shares to Sony. Olympus and Sony agreed to establish a medical business venture company by the end of December 2012, subject to customary closing conditions. The Stated Capital would be 50 million yen.
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