Japan's Integral agrees strategic exit for fertiliser maker Nitto FC
Japanese GP Integral Corporation has agreed to sell fertiliser maker Nitto FC to Ichinen Holdings, a listed automotive supplier with interests in industrial chemicals, for an undisclosed sum.
Integral, which itself listed on the Tokyo Stock Exchange after completing a JPY 18bn (USD 121m) IPO in September, privatised Nitto in 2019, taking a 94% stake for about JPY 30bn. Founded in 1952, Nitto...
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