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Nippon Sheet Glass Co Ltd To Sell Entire Stake in FMC Wyoming Corp-DJ


Thursday, 28 Mar 2013 02:40am EDT 

Dow Jones reported that Nippon Sheet Glass Co Ltd has decided to sell its entire 6.25% stake FMC Wyoming Corp., a U.S.-based maker of raw materials for glass, for JPY7.6 billion ($80 million). The Japanese company said it invested in FMC Wyoming in 1995 as part of efforts to secure supplies of raw materials. But it has decided to sell the stake to FMC Corp., which currently holds a 87.5% stake in FMC Wyoming. 

Company Quote

139.0
-2.0 -1.42%
1:58am EDT