October 25, 2010

Kyowa Hakko Kirin To Sell Chemical Unit to JIP

Kyowa Hakko Kirin Co., a major fermented chemical manufacturer, announced that it will sell its wholly-owned subsidiary, Kyowa Hakko Chemical Co., to Japan Industrial Partners, a Tokyo-based private equity firm. Kyowa Hakko Kirin, by divesting the chemical unit, concentrates on the field of medical products and pharmaceuticals.

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