TOKYO (dpa-AFX) - Konica Minolta, Inc. (KNCAY.PK), parent company of Konica
Minolta Business Solutions U.S.A., Inc., Monday announced that it has signed a
memorandum of understanding with Fujifilm Holdings Corp. (FUJIY.PK).

Under the agreement, a feasibility study for a strategic alliance in the
multifunction printer, office printer, and production printer segments will be
conducted, along with the exploration of a potential joint venture, which is
expected to be completed in the second-quarter.

The joint venture to be majorly owned by Fujifilm, will coordinate the
procurement of raw materials and parts, the company stated.

Currently, Konica's stock is moving up 3.04 percent, to $7.11 on the Other OTC.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX