June 24, 2020 / 3:24 PM / 19 days ago

Olympus says to sell camera business to Japan Industrial Partners

The logo of Olympus company is seen during an audiovisual technology fair in Lisbon, Portugal, October 22, 2016. REUTERS/Rafael Marchante/Files

TOKYO (Reuters) - Japan’s Olympus Corp said on Wednesday it had agreed to sell its loss-making camera business dating back 84 years to Japan Industrial Partners Inc.

Olympus said in a statement it would aim to sign a legally binding deal by Sept. 30 and close the transaction by Dec. 31.

Reporting by Makiko Yamazaki; Editing by Chang-Ran Kim

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