Ninestar completes USD 900m sale of Lexmark unit

Ninestar Corp has successfully completed the sale of its Lexmark International II, LLC subsidiary to Xerox Corporation on July 1, 2025. The transaction, valued at USD 900 million, involved Ninestar selling its 100% stake in the U.S.-based Lexmark unit. This strategic move was approved by Ninestar's board and shareholders, as well as regulatory bodies, and signifies a pivotal shift in the company's asset portfolio. Ninestar received USD 600 million in its designated account and USD 300 million were transferred to an adjustment account. The final purchase price is subject to adjustments based on the actual net working capital, debt, cash, transaction expenses, and potential loss reserves of Lexmark at closing.