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India

Nitta Corp (5186.T)

5186.T on Tokyo Stock Exchange

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Wed, Dec 27 2017

BRIEF-Toyo Tire & Rubber sells partial chemical product business to Nitta

* Says it transfers chemical product business (excluding construction use seismic-isolated rubber business) to unit, which was newly established on Aug. 24, and sells all shares of the unit to Nitta Corp on Dec. 27

BRIEF-Nitta to acquire chemical production related business from Toyo Tire & Rubber for 3.7 bln yen

* Says unit of Toyo Tire & Rubber Co Ltd will set up a new unit, which will take over chemical production related business from Toyo Tire & Rubber Co Ltd

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