*NEWS*KODAK:FORKS $100MILL FOR CHINA DEAL

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*NEWS*KODAK:FORKS $100MILL FOR CHINA DEAL

 user 2004-02-23 at 9:05:00 am Views: 96
  • #6157

    Headline: Kodak get Lucky share in China

    February 2004 – Shanghai (CHN): Eastman Kodak has been given approval by the Chinese government to buy up to a fifth of the Shanghai-based Lucky Film company.

    Kodak will immediately acquire a 13% stake in the film-maker and embark on a 20-year agreement in which it will contribute $100 million in cash and technology to upgrade the firm’s production facilities.

    Kodak is believed to have edged out Fuji Photo Film in securing the deal.