Brief: Nisshinbo Holdings to sell paper business to Daio Paper for 25 bln yen

Daio Paper

10/02/2017 04:14

Feb 10 (Reuters) - Nisshinbo Holdings Inc    3105.T : 
         
     
    * Says Nisshinbo entered into agreement with Daio 
Paper 3880.T  to sell its paper business, including production 
and sales of household paper(tissue, toilet paper, etc.), 
printing and writing paper(fine paper, synthetic paper, etc.) 
and paper processed products 
    * Says Nisshinbo Paper Products Inc., a Tokyo-based paper 
subsidiary of the co, will take over the entire paper business 
from the co, as preparation for the selling 
    * Says the co is planning to sell the subsidiary to Daio 
Paper on April 3, with a transaction price at 25 billion yen   
       
     
    Source text in Japanese:https://goo.gl/HShIjR; 
https://goo.gl/y30lpB 
    Further company coverage: 3105.T  3880.T  
 
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