Brief: Ube Industries and Maxell Holdings reaches basic agreement to reorganize and integrate business

UBE

31/07/2018 07:14

July 31(Reuters) - Ube Industries Ltd  4208.T 
    
    * Says it has reached basic agreement with Maxell Holdings,
Ltd.
 6810.T  to reorganize the framework of their joint venture, Ube
Maxell Co., Ltd., and integrate the separator businesses of the
three companiesa
    * The reorganization includes the transfer of Ube
Industries’
separator business to Ube Maxell and the establishment of new
joint venture with Maxell Holdings, Ltd
    * Says the new JV will be established on Dec. 10, and
business
will start on Jan. 1, 2019 
    * Says Maxell Holdings and the company will hold 51 percent
stake
and 49 percent stake in the new JV respectively 

    
    
    Source text in Japanese:https://goo.gl/yzS6LW
    Further company coverage: 4208.T  6810.T 

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