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The Industrial Revitalization Corp. of Japan might spend up to 490 billion yen to bail out struggling cosmetics maker Kanebo Ltd., sources said Wednesday.

The money would comprise a maximum 350 billion yen to buy Kanebo’s loans held by banks other than its main bank, Sumitomo Mitsui Banking Corp., and up to 140 billion yen as a planned IRCJ investment in a new company that would take over Kanebo’s mainstay cosmetics operations, they said.

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