Brief: Nikkei Says Japan's Itochu And Sankyu To Buy Singapore Plant Repair Firm SWTS

ITOCHU

08/04/2026 23:00

April 9 (Reuters) - Nikkei:

JAPAN'S ITOCHU AND SANKYU TO BUY SINGAPORE PLANT REPAIR FIRM SWTS

PURCHASE PRICE IS UNDISCLOSED, BUT ESTIMATED IN THE TENS OF BILLIONS OF YEN

ITOCHU AND SANKYU AIM TO EXPAND THEIR BUSINESS IN SOUTHEAST ASIA AND ENTER MIDDLE EAST, WHICH HOSTS PETROLEUM PLANTS

ITOCHU AND SANKYU EACH WILL TAKE A 50% STAKE IN SWTS

TRANSACTION EXPECTED TO CLOSE IN MAY FOLLOWING A GOVERNMENT APPROVAL PROCESS

Further company coverage: 8001.T

 ((Reuters.Briefs@thomsonreuters.com;))