Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) hereby announcesthat, on March 17, 2025 (Spain time), the Company has obtained from the Spanish Ministry of Economy Trade and Enterprise its written confirmation that: Nidec does not require its approval under the Spanish Foreign Investment Law (Foreign Investment Regulations) to carry out a series of transactions for the purpose of making Makino Milling Machine Co., Ltd. (listed on Tokyo Stock Exchange, Inc.’s Prime Market) a wholly owned subsidiary of Nidec, meaning that the procedure has been completed as so explained in advance in the Company’s press release, “Notice Regarding Scheduled Commencement of Tender Offer for Makino Milling Machine Co., Ltd. (Securities Code: 6135),” issued on December 27, 2024.We will promptly announce the completion of the other procedures required under applicable laws and regulations regarding merger control and foreign investment restriction for other jurisdictions once such procedures have been completed.
(Reference) The expected completion dates (tentative) are as follows:
