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Market Chatter: Mitsubishi UBE Cement Mulls Tokyo Listing by December

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Mitsubishi UBE Cement, jointly owned by Mitsubishi Materials (TYO:5711) and UBE (TYO:4208) mulls an initial public offering for a Tokyo Stock Exchange listing as soon as December, Bloomberg News reported Wednesday, citing people familiar with the matter.

The company, formed five years ago through the combination of units of Japanese materials companies, is working with Citigroup, Mizuho Financial Group, Morgan Stanley, and Nomura Holdings as joint global coordinators.

Mitsubishi UBE Cement did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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