Mitsui Chemicals and DBJ to buy JSR for $11.6 billion, filing shows

TOKYO, Nov 9 (Reuters) - Mitsui Chemicals (4183.T), opens new tab and the Development Bank of Japan (DBJ) will acquire chipmaking materials maker JSR from state-backed fund Japan Investment Corp (JIC) for 1.84 trillion yen ($11.61 billion), a filing showed on Monday.

The deal is among the largest in the ⁠sector and stands to reshape Japan's chip supply chain as the government moves to boost its competitiveness. It is more than double Showa Denki's $4.55-billion acquisition of Hitachi Chemical in 2020.

Mitsui Chemicals will sell shares worth up to 150 billion yen to help finance the ⁠transaction, the filing showed, taking out a a bridge loan of 1.64 trillion yen, to be partially paid back through the equity raise, ⁠the filing showed.

DBJ will invest 200 billion yen.

Shares of Mitsui Chemicals were trading down around 13% ⁠on Monday at about 1,500 yen each, following last week's fall of more ⁠than 10% after Reuters first reported that it was the final buyer for JSR.

($1=158.4500 yen)

Reporting by Anton Bridge; Editing by Clarence Fernandez