Brief: GNI Group to acquire Berkeley Advanced Biomaterial through GNI USA

GNI

18/04/2017 09:41

April 18 (Reuters) - GNI Group Ltd  2160.T  
     
     
    * Says it will acquire 70 percent voting power of a new unit 
of Berkeley Advanced Biomaterial,Inc., for $59.7 million (6.51 
billion yen), through GNI USA, Inc. 
    * Says Berkeley Advanced Biomaterial,Inc. will set up a new 
unit, and transfer all property and business to unit    
    * Says transaction effective July 31 
     
    Source text in Japanese:https://goo.gl/x0h5qu 
    Further company coverage: 2160.T  
 
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