Japan puts brakes on MBK’s Makino bid

MBK Partners’ plan to acquire Japan-based machine tool maker Makino Milling Machine has run into regulatory resistance, after the Japanese government urged the firm to halt the deal on national security grounds. Chief Cabinet Secretary Kihara Minoru said Thursday that authorities had identified potential risks linked to the takeover and recommended that MBK suspend the transaction a day earlier. Machine tools — used to cut and grind high-precision metal components — are classified as a core sect

By The Korea Herald