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