Economic news

Mitsubishi Chemical picks Bain as preferred bidder for subsidiary, Nikkei says

2025.01.20 06:53

TOKYO (Reuters) -Mitsubishi Chemical Group picked U.S. investment fund Bain Capital as the preferred bidder for its pharmaceutical subsidiary, Tanabe Mitsubishi Pharma, the reported on Monday.

The company is likely to sell its Tanabe Mitsubishi Pharma unit to Bain Capital for more than 500 billion yen ($3.2 billion), the report said.

Mitsubishi Chemical was not immediately available for comment outside regular business hours.

© Reuters. FILE PHOTO: Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS/Kim Kyung-Hoon/File Photo

Reuters reported in December that global private equity firms Blackstone (NYSE:) and Bain Capital were among final bidders for Mitsubishi Tanabe Pharma, in a deal that could value it at between $3 billion and $3.5 billion.

($1 = 156.3500 yen)



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 107,568.82 2.71%
ethereum
Ethereum (ETH) $ 3,335.19 1.02%
xrp
XRP (XRP) $ 3.29 4.77%
tether
Tether (USDT) $ 0.999095 0.04%
solana
Solana (SOL) $ 255.47 6.94%
bnb
BNB (BNB) $ 691.05 0.90%
dogecoin
Dogecoin (DOGE) $ 0.372199 2.53%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 1.06 0.27%
staked-ether
Lido Staked Ether (STETH) $ 3,333.77 1.54%
tron
TRON (TRX) $ 0.244398 2.49%
chainlink
Chainlink (LINK) $ 26.06 7.90%
avalanche-2
Avalanche (AVAX) $ 37.60 1.27%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 107,415.78 2.96%
stellar
Stellar (XLM) $ 0.461259 0.10%
sui
Sui (SUI) $ 4.61 5.01%
hedera-hashgraph
Hedera (HBAR) $ 0.362527 7.18%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,946.70 3.96%
the-open-network
Toncoin (TON) $ 5.06 0.23%
shiba-inu
Shiba Inu (SHIB) $ 0.000021 1.86%
weth
WETH (WETH) $ 3,331.54 2.08%
polkadot
Polkadot (DOT) $ 6.58 2.36%
usd1
USD One (USD1) $ 0.999914 0.00%
official-trump
Official Trump (TRUMP) $ 49.05 25.12%
parkcoin
Parkcoin (KPK) $ 1.11 2.23%
litecoin
Litecoin (LTC) $ 119.99 0.07%
leo-token
LEO Token (LEO) $ 9.66 0.38%
bitcoin-cash
Bitcoin Cash (BCH) $ 448.52 1.25%
bitget-token
Bitget Token (BGB) $ 7.07 5.16%
uniswap
Uniswap (UNI) $ 14.03 0.63%
hyperliquid
Hyperliquid (HYPE) $ 21.16 6.29%
pepe
Pepe (PEPE) $ 0.000016 5.07%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,511.46 0.73%
near
NEAR Protocol (NEAR) $ 5.37 0.19%
usds
USDS (USDS) $ 0.999456 0.09%
ethena-usde
Ethena USDe (USDE) $ 0.997857 0.11%
aave
Aave (AAVE) $ 346.26 9.90%
aptos
Aptos (APT) $ 8.73 5.76%
internet-computer
Internet Computer (ICP) $ 10.03 3.64%
ondo-finance
Ondo (ONDO) $ 1.39 6.09%
ethereum-classic
Ethereum Classic (ETC) $ 26.52 1.57%
vechain
VeChain (VET) $ 0.048629 3.95%
monero
Monero (XMR) $ 210.57 1.49%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.459314 3.60%
algorand
Algorand (ALGO) $ 0.462853 8.40%
okb
OKB (OKB) $ 60.78 4.60%
mantra-dao
MANTRA (OM) $ 3.77 2.01%
crypto-com-chain
Cronos (CRO) $ 0.133423 2.76%
render-token
Render (RENDER) $ 6.95 4.82%
bittensor
Bittensor (TAO) $ 436.76 6.18%