Notice Regarding the Execution of a Basic Agreement Concerning the Consideration of Business Integration between Nippon Shokubai Co., Ltd. and Sanyo Chemical Industries, Ltd.

  • 2019/05/29 IR News

Nippon Shokubai Co., Ltd. (“Nippon Shokubai”) and Sanyo Chemical Industries, Ltd. (“Sanyo Chemical”) (each, a Company,” and collectively, the “Companies”) hereby announce that, based on resolutions adopted at extraordinary meetings of their boards of directors held today, the Companies have entered into a basic agreement (the “Basic Agreement”) to move ahead with the consideration toward the integration of their businesses (the “Business Integration”) based on an equal footing.
The Companies will carry out detailed examinations and discussions concerning the Business Integration based on the spirit of mutual trust and equality, with the aim of concluding the final agreement on the Business Integration (the “Final Agreement”) around December 2019.