Asahi Glass Selling Unit To Japan's DBJ-Sources

Reuters reported that Asahi Glass Co. Ltd. (5201.T: Quote, Profile, Research) is selling its unit Asahi Fiber Glass Co. Ltd. to the Development Bank of Japan (DBJ), as it slims down to better compete with Corning Inc. (GLW.N: Quote, Profile, Research), sources familiar with the deal said.

Tokyo-based Asahi Fiber Glass, capitalised at 6 billion yen

($51 million) and established in 1956, makes glass wool insulators and roofing materials.

Read the entire story on the source link below.

600450 Asahi Glass Selling Unit To Japan's DBJ-Sources glassonweb.com
Date: 16 August 2007
Source: Reuters

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