Japan's state-backed JIC consortium to buy Shinko Electric for more than $5.5b

Japan's state-backed JIC consortium to buy Shinko Electric for more than $5.5b

Source: Patrizia

State-backed Japan Investment Corp will join hands with Dai Nippon Printing and Mitsui Chemicals to buy out Shinko Electric Industries for more than 800 billion yen ($5.5 billion), Bloomberg News reported on Tuesday.

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