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Asahi Kasei to buy U.S. Sage Automotive for $1.06 billion

TOKYO (Reuters) - Japan's Asahi Kasei Corp 3407.T said on Thursday it would buy U.S. car interior maker Sage Automotive Interiors for $1.06 bln, including debt.

Asahi Kasei said the acquisition is aimed at strengthening its position in the car interior market. It said it would disclose the impact of the acquisition on its earnings as soon as it closes the deal, pending regulatory approval.

Reporting by Junko Fujita; Editing by Chang-Ran Kim

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