Shandong Ruyi plans financing for apparel and textiles business buy

By Sara Rosenberg

New York, Oct. 30 – Shandong Ruyi Investment Holding has received a commitment for financing from J.P. Morgan and Barclays to help fund its acquisition of Invista’s apparel & advanced textiles business, according to a news release.

Closing is expected by mid-2018, subject to customary conditions including regulatory clearances from competition authorities.

Shandong Ruyi is a textile manufacturer in China.

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