Fujifilm to Fully Own Fuji Xerox

Economy

Tokyo, Nov. 5 (Jiji Press)--Fujifilm Holdings Corp. <4901> said Tuesday that it will spend 2.3 billion dollars to take full control of Fuji Xerox Co.

The Japanese office- and medical-equipment maker said it has agreed to acquire the 25 pct stake in the unit held by U.S. office equipment giant Xerox Corp. this month.

Fuji Xerox will operate as a wholly owned subsidiary of Fujifilm and will continue to supply to Xerox after completion of the transaction, said Fujifilm, which currently owns 75 pct of Fuji Xerox.

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