Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Mitsubishi Aims For Control Of Gas Firm

by Jean-François Tremblay
May 19, 2014 | A version of this story appeared in Volume 92, Issue 20

Mitsubishi Chemical Holdings expects to pay about $1 billion in a tender offer to increase its stake in Tokyo Stock Exchange-listed Taiyo Nippon Sanso from 27% to 51%. Japan’s largest industrial gas producer, Nippon Sanso supplies gases to industries as varied as oil extraction and microchip manufacturing, both in Japan and abroad. Last year, Mitsubishi acquired more than one-quarter of Nippon Sanso in a deal intended to expose Mitsubishi to the industrial gas sector. Nippon Sanso at the time said Mitsubishi’s backing would help it globalize its operations. Through the current deal, Nippon Sanso says it aims to further strengthen its ability to expand worldwide, particularly in the medical sector, while improving its access to Mitsubishi customers.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.