Sale by state-backed fund JIC to become biggest deal in country's chemical sector Mitsui Chemicals' proposed purchase of JSR, expected to be worth more than 8.2 billion…

Sale by state-backed fund JIC to become biggest deal in country's chemical sector Mitsui Chemicals' proposed purchase of JSR, expected to be worth more than 8.2billion,wouldbearecordfortheindustryinJapanifitgoesthrough.(NikkeiMontage/sourcephotosbyYumiKotaniandNozomiOkubo)TOKYO−−MitsuiChemicalsplanstoacquireJapanesesemiconductormaterialsmakerJSRfromstate−backedfundJapanInvestmentCorp.(JIC),NikkeilearnedWednesday.Thedealisexpectedtobeworthmorethan1.3trillionyen(8.2 billion, would be a record for the industry in Japan if it goes through. (Nikkei Montage/source photos by Yumi Kotani and Nozomi Okubo) TOKYO -- Mitsui Chemicals plans to acquire Japanese semiconductor materials maker JSR from state-backed fund Japan Investment Corp. (JIC), Nikkei learned Wednesday. The deal is expected to be worth more than 1.3 trillion yen (8.2 billion), sources said, which would make it the largest-ever acquisition in Japan's chemicals sector.