TOKYO (Reuters) – Japan’s Resonac Holdings is looking to make deals after reducing its borrowing and wants to be involved when a state-backed fund exits from peer JSR, the CEO of the chips materials maker said on Wednesday.
“We will go on the offensive from this year,” Hidehito Takahashi told Reuters in an interview.
JSR has said it wants to drive consolidation in the industry and was taken private by a state-backed fund last year.
“It’s a fund so there will be an exit in the end,” said Takahashi.
Resonac wants to be involved in that exit, he said.
(Reporting by Sam Nussey and Ritsuko Shimizu; Editing by Chang-Ran Kim)
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