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.