Mitsubishi Chemical to Sell Drug Unit to Bain Capital
Tokyo, Feb. 7 (Jiji Press)--Mitsubishi Chemical Group Corp. said Friday that it will sell subsidiary Mitsubishi Tanabe Pharma Corp. to U.S. investment firm Bain Capital LP. for about 510 billion yen.
Through the sale, which is expected to be completed by September, the Japanese group plans to focus on its core chemical business, including materials related to semiconductors. Meanwhile, the drug company will aim for growth by securing necessary funds for drug development under Bain Capital.
(2025/02/07-22:34)
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