Brief: Sekisui Chemical and Inabata to fully buy PT Cayman Limited

Sekisui Chemical Co

25/04/2017 07:22

April 25 (Reuters) - Sekisui Chemical Co Ltd  4204.T  : 
     
    * Says Sekisui Chemical enters into agreement with PT Cayman 
 Limited to buy 91 percent stake in PT Cayman Limited 
    * Sekisui Chemical aims to expand its business in the 
automotive and transportation field and to reinforce its core 
technologies such as materials formulation and processing 
technologies through the acquisition of the PT Cayman shares 
    * Says the remaining 9 percent stake in PT Cayman Limited 
will be acquired by Inabata & Co Ltd  8098.T   
    * Inabata is aiming to expand the market through cooperation 
with Sekisui Chemical and Polymatech Japan 
    * Says the total transaction amount for 100 percent stake in 
PT Cayman Limited is expected to be 20 billion yen  
    * Closing date of the transaction is expected to be Aug. 31 
     
    Source text in Japanese: https://goo.gl/EqLx1E ; 
https://goo.gl/4lIyyK 
    Further company coverage: 4204.T  8098.T  
 
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