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Showa Denko K.K. Announces Execution of Master Agreement regarding Series of Transactions - to Effect, among other matters, the Succession of the Aluminum Can and Aluminum Rolling Businesses through Company Splits (Simplified Absorption-Type Company Splits), and Result in Certain Consolidated Subsidiary Ceasing to be a Consolidated Subsidiary of Showa Denko K.K. TOKYO, Jan 28, 2021 - (JCN Newswire) - This is to announce that the Company has decided to execute a master agreement (hereinafter referred to as the Master Agreement ) with a special-purpose company formed by funds managed by affiliates of Apollo Global Management, Inc. (collectively, hereinafter referred to as Apollo ), regarding a series of transactions, including the succession of the aluminum can business of the Company to Showa Aluminum Can Corp., which is a wholly owned consolidated subsidiary of the Company (hereinafter referred to as Showa Aluminum Can ), and the succession of the aluminum rolling business to Sh

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