date:Sep 15, 2012
In a statement, Itochu, which is Japans fourth-biggest trading house by market value, said it was currently negotiating the terms of ... the acquisition. Once agreed, it is anticipated that Itochu will set up a new Tokyo-based company to handle the sale.
The purpose of establishing the new company is to acquire the business, and to implement management judgements and administer the business smoothly and proactively, the statement said.
Bumper year
If the deal goes ahead, it will mark the lat