Olympus says to sell camera business to Japan Industrial Partners

The logo of Olympus Corp. is seen on a mock 'OM-D E-M5' Micro Four Thirds compact interchangeable lens camera. EPA/KIYOSHI OTA

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Japan’s Olympus Corp said on Wednesday it had agreed to sell its loss-making camera business dating back 84 years to Japan Industrial Partners Inc.

Olympus said in a statement it would aim to sign a legally binding deal by Sept. 30 and close the transaction by Dec. 31.

Via Reuters

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