Article reports that Longreach Group has exited its investment inOCC Corp in a trade sale, noting that NEC Corp acquired a 75%stake in the company and Sumitomo Electric Industries took a 25%holding. Longreach had acquired OCC in 2006 from the IndustrialRevitalization Corporation of Japan (IRCJ).
The article quotes an NEC spokesman as saying that OCC hadsales of $165 million in the financial year ended March 2008 and isnow in the black.