Mitsui Chemicals announced the acquisition of JSR and outlined a plan for government-backed fund JIC and the Development Bank of Japan (DBJ) to jointly invest a total of ¥1.84 trillion, leading the consolidation of the semiconductor materials industry. Completion of the acquisition is targeted for the second half of fiscal 2027.
According to Nikkei, Mitsui Chemicals has announced its intention to acquire JSR. The transaction will be carried out in cooperation with the government-backed fund Innovation Network Corporation of Japan (JIC) and DBJ.
The consideration for the share acquisition is reported to be ¥1.3921 trillion, of which DBJ will invest ¥200 billion. The acquisition is progressing with completion targeted for the second half of fiscal 2027.
The acquisition is expected to become the largest M&A transaction in Japan's chemicals industry and promote consolidation in semiconductor materials.