Mitsui Chemicals to buy JSR for ¥1.84 trillion with DBJ backing

Published Sunday, November 8, 2026 · 11:05 PM EST

Mitsui Chemicals is buying chip materials company JSR for ¥1.84 trillion ($12 billion), with support from the state-backed Development Bank of Japan, the companies said in a Monday filing. Mitsui Chemicals and DBJ will acquire all JSR shares from government-backed Japan Investment Corp. The transaction would strengthen Mitsui Chemicals' control over a key chip materials business. DBJ will pay ¥200 billion in cash for a stake that will be converted into preferred shares without voting rights.

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Bloomberg Technology

Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.

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