INCJ 完成 $1.84B 大宗交易，剝離瑞薩電子的多數股權

日本國家支持基金 INCJ 宣佈出售其在半導體製造商瑞薩電子 (Renesas Electronics) 的大量股份，價值約 18.4 億美元。此次出售主要面向海外機構投資者，INCJ 的持股從 6.65% 減少至名義 75 股。該交易標誌著亞洲的一項重大大宗交易，也是自 2020 年以來日本第二大交易。INCJ 於 2013 年投資了瑞薩電子，以支持這家陷入困境的公司，但近年來逐漸剝離了所持股份。

INCJ Divests Majority Stake in Renesas Electronics, Marking Significant Block Trade

INCJ 剝離瑞薩電子的多數股權，標誌著重大的大宗交易

TOKYO, Japan - In a transaction valued at approximately $1.84 billion, Japanese state-backed investment fund INCJ has announced the sale of the majority of its stake in semiconductor manufacturer Renesas Electronics. The transaction involved the offloading of 279 billion yen ($1.84 billion) worth of shares, primarily to overseas institutional investors.

日本東京 - 日本國家支持的投資基金 INCJ 宣佈在一項價值約 18.4 億美元的交易中出售其在半導體製造商瑞薩電子 (Renesas Electronics) 的大部分股權。該交易涉及出售價值 2,790 億日圓（18.4 億美元）的股票，主要出售給海外機構投資者。

The sale price of 2,143 yen per share represents an 8.01% discount on Renesas' closing share price of 2,329.5 yen on Thursday, as stated by INCJ in a separate statement on Friday. Renesas shares experienced a decline of 4.5% to 2,224 yen by mid-morning on Friday.

INCJ 在周五的另一份聲明中表示，每股 2,143 日圓的售價較瑞薩電子週四收盤價 2,329.5 日圓折讓 8.01%。截至週五上午，瑞薩電子股價下跌 4.5%，至 2,224 日圓。

Prior to the transaction, INCJ held 6.65% of Renesas' shares, according to a statement released on Thursday. Following the sale, INCJ retains a marginal holding of only 75 shares, in contrast to the previous 130 million shares held.

根據週四發布的聲明，在此次交易之前，INCJ 持有瑞薩電子 6.65% 的股份。出售後，INCJ 僅保留 75 股的邊際持股，而先前持有 1.3 億股。

As per data from Dealogic, this transaction ranks as the fifth-largest block trade in Asia so far this year and the second-largest in Japan since 2020. The divestment marks a significant step in INCJ's strategy of exiting its investments in Renesas.

根據 Dealogic 的數據，這筆交易是今年迄今亞洲第五大宗交易，也是自 2020 年以來日本第二大宗交易。此次撤資標誌著 INCJ 退出瑞薩投資策略的重要一步。

INCJ initially invested in the struggling chipmaker in 2013, acquiring 69% of Renesas, which at the time held the position of the world's leading maker of microcontroller chips used in automobiles. Renesas faced significant financial challenges due to intense competition from overseas rivals like Samsung Electronics.

INCJ 最初於 2013 年投資了這家陷入困境的晶片製造商，收購了瑞薩電子 69% 的股份，當時瑞薩電子是全球領先的汽車微控制器晶片製造商。由於來自三星電子等海外競爭對手的激烈競爭，瑞薩電子麵臨巨大的財務挑戰。

Established in 2009 as a temporary initiative to promote emerging industries and take on long-term, high-risk investments, the Japanese taxpayer-funded INCJ led the Renesas bailout. The Japanese government aimed to prevent Renesas technology from falling into foreign hands in response to a takeover bid from U.S. private equity firm KKR & Co.

日本納稅人資助的 INCJ 成立於 2009 年，是一項旨在促進新興產業和進行長期高風險投資的臨時舉措，它牽頭了瑞薩電子的紓困計畫。日本政府旨在防止瑞薩電子技術落入外國人手中，以應對美國私募股權公司 KKR & Co 的收購要約。

In recent years, INCJ has progressively sold off its stake in Renesas, aligning with its plan to exit all of its investments by March 2025.

近年來，INCJ 逐步出售其在瑞薩電子的股份，以配合其在 2025 年 3 月之前退出所有投資的計劃。