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Development Bank of Japan acquires stake in Mitsui Chemicals’ dental material business

1:48 AM MDT | March 24, 2014 | Deepti Ramesh

Mitsui Chemicals says it has signed an agreement with the Development Bank of Japan (DBJ; Tokyo), under which DBJ will acquire a 19.99% stake in Mitsui’s MC Dental Holdings International (MCDHI; Tokyo) subsidiary. MCDHI was established by Mitsui during the 2013 acquisition of the dental business of precious metals and technology company Heraeus (Hanau, Germany), for €450 million ($620 million). The dental materials business is called Heraeus Kulzer and is headquartered at Hanau. Mitsui will transfer 19.99% of its total equity interests in MCDHI to DBJ...

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