TOKYO

The Pak Banker - - COMPANIES/BOSS -

Mit­subishi Corp. Ja­pan's big­gest trad­ing house, will ac­quire Kirin Hold­ings Co. domestic food fla­vor­ing unit for 30.5 bil­lion yen ($321 mil­lion) to ex­pand in con­sumer busi­nesses. The trader agreed to buy 81 per­cent of Kirin Ky­owa Foods Co. in June and the rest in Jan­uary 2015, Tokyo-based Mit­subishi said in a state­ment. The deal will ex­pand the range of busi­nesses at Mit­subishi's Life Sciences di­vi­sion. The unit, formed two years ago, fo­cuses on sea­son­ing, sweet­en­ers and fer­men­ta­tion tech­nol­ogy, the com­pany said in the state­ment. Kirin Ky­owa is at least the third food in­vest­ment by Mit­subishi in as many months as the trader leads domestic ri­vals in­clud­ing Mit­sui & Co. (8031) in shift­ing fo­cus to health care, util­i­ties and nutri­tion to counter lower prof­its from sell­ing bulk com­modi­ties such as coal and iron ore.

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