Polypore International Inc (PPO.N)
TOKYO - Japanese chemical manufacturer Asahi Kasei Corp has agreed to buy Polypore International Inc's energy storage business for $2.2 billion, betting on growth in demand for hybrid and electric cars.
* 3M buys Polypore's separations media operation for $1 billion
* Says not thinking about issuing new shares to fund Polypore acquisition, considering bank loans Further company coverage: (Reporting by Taiga Uranaka)
TOKYO, Feb 23 - Asahi Kasei Corp, a Japanese chemicals maker, said on Monday it would buy Polypore International Inc's Energy Storage segment for $2.2 billion, as it seeks to expand in the energy and environment business.
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