Japan state-backed JIC consortium to buy out Shinko Electric for more than $5.5 bln - Bloomberg

Dai Nippon Printing Co

12/12/2023 06:06

TOKYO, Dec 12 (Reuters) - State-backed Japan Investment
Corp will join hands with Dai Nippon Printing  7912.T  and
Mitsui Chemicals  4183.T  to buy out Shinko Electric Industries
 6967.T  for more than 800 billion yen ($5.50 billion),
Bloomberg reported on Tuesday.
    The consortium will announce the tender offer bid as soon as
this week, the report said. 

($1 = 145.4400 yen)

 (Reporting by Chang-Ran Kim
Editing by Shri Navaratnam)
 ((ran.kim@thomsonreuters.com; +81-3-4520-1228;))