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Oji Holdings Corp (3861.T)

3861.T on Tokyo Stock Exchange

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Tue, Feb 6 2018

Japan's Oji to buy 33 percent of Mitsubishi Paper to battle digital shift

TOKYO Japan's Oji Holdings Corp on Tuesday said it has agreed to buy 33 percent of peer Mitsubishi Paper Mills Ltd as the pair seek to drive down costs in the face of competition from Asian rivals and consumers' shift to digital media.

UPDATE 1-Japan's Oji to buy 33 pct of Mitsubishi Paper to battle digital shift

* Cite Asian competition, digital shift (Recasts with announcement)

Japan's Oji, Mitsubishi Paper to announce tie-up

TOKYO, Feb 6 Japan's Oji Holdings Corp said it would announce a capital and strategic partnership with Mitsubishi Paper Mills Ltd later on Tuesday.

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