Exclusive-Japan fund JIC plans to sell JSR to Mitsui Chemicals, sources say
The sale follows a surge in chip-related valuations and could rank among Japan's largest chemicals deals, Reuters reported.
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6 Articles
Japan Investment Corp to sell JSR to Mitsui Chemicals in an over $8.20 bn deal: Report
Japan Investment Corp intends to sell its semiconductor materials subsidiary JSR to Mitsui Chemicals in a significant transaction. This deal is projected to exceed 1.3 trillion yen and may occur within the month. JSR, a manufacturer of photoresists, was acquired by JIC two years ago for approximately 900 billion yen. Mitsui Chemicals is expanding its chip materials business amidst rising valuations due to AI investments.
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Exclusive-Japan fund JIC plans to sell JSR to Mitsui Chemicals, sources say
TOKYO, Nov 4 : Japan Investment Corp (JIC), a state-backed fund, plans to sell chipmaking materials maker JSR to Mitsui Chemicals in a deal that could exceed 1.3 trillion yen ($8.20 billion), two people familiar with the matter said.A decision could come as soon as within the month, one of the people said.
TOKYO: Japan Investment Corporation (JIC), a fund supported by the government, plans to sell semiconductor material manufacturer JSR to Mitsui Chemicals, and there is a possibility that the transaction amount will exceed 1.3 trillion yen (8.2 billion dollars), two people familiar with the situation stated. One person said there is a possibility that this decision will be made during this month. Since the information has not been disclosed, both …
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