Mizuho sells its 53.3% stake in SDS Bitotech to Idemitsu
Mizuho Capital Partners is to sell its remaining holdings in Tokyo-based biotech company SDS Biotech K.K., to oil distributor Idemistu Kosan Co. through a tender offer.
It will pay JPY40.1 billion ($49.7 million) for the stake. Idemistu has targeted SDS in a bid to strengthen its agriculture business. SDS is an agricultural chemicals R&D and manufacturing specialist....
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