AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The Japan Bank for International Cooperation (JBIC; Governor: Akira Kondoh) signed a shareholders' agreement on 16 April 2018 with JX Nippon Mining & Metals Corporation ("JXNMM") and JX Metals Deutschland GmbH ("JXMD") to subscribe for classified shares of JXMD amounting up to EUR 85.6 million (ca. USD 105.7 million) that carry no voting rights. The transaction is intended to support JXNMM by financing part of funds required for purchasing all shares in H.C. Starck Tantalum and Niobium GmbH ("HCS TaNb"), from HCS TaNb's shareholder, H.C. Starck GmbH in Germany.
HCS TaNb, one of the world's leading companies conducting business in the area of development, production, and distribution of Tantalum and Niobium products (high-purity metal powder), a material which is widely used in the Japanese electronics industry. JBIC states that "Through acquisition of HCS TaNb, JXNMM will establish and strengthen the revenue base of its electronic materials business by utilizing HCS TaNb's capabilities; especially in the sectors of production of capacitor applications for ICT equipment and digital appliances, and in the production of sputtering targets for semiconductor applications".
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