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Sumitomo Corp (8053.T)

8053.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sumitomo to fully acquire unit Kiriu via stock swap
Monday, 27 Feb 2017 02:09am EST 

Sumitomo Corp <8053.T> : Says it plans to fully acquire its 99.76 percent owned unit Kiriu Corp via stock swap, on April 1 . Says one share of unit Kiriu Corp's stock will be exchanged with 421.87 shares of co's stock .42,187 shares of co's stock will be exchanged.  Full Article

Sumitomo signs basic agreements on company split of the metal products business to wholly owned subsidiaries
Monday, 27 Feb 2017 01:45am EST 

Sumitomo Corp <8053.T>: Says it signed basic agreements on company split of the metal products business to two wholly owned subsidiaries Global Metals and Metalex .Says the transfer will be done on April 1.  Full Article

Sumitomo completes acquisition of Fyffes
Monday, 20 Feb 2017 02:20am EST 

Sumitomo Corp <8053.T> : Says co completes acquisition of Ireland-based firm Fyffes plc on Feb. 17 (Ireland local time) .Along with the acquisition, Fyffes will be delisted from Ireland securities exchanges and London securities exchanges accordingly.  Full Article

Sumitomo Corp books $300 mln impairment loss on Sierra Gorda mine
Monday, 6 Feb 2017 11:50pm EST 

Sumitomo Corp <8053.T>: books 33.6 billion yen ($300 million) investment loss for Sierra Gorda copper mine in Oct-Dec . Chief Financial Officer Koichi Hatanaka says revised Sierra Gorda plans without phase 2, will focus on phase 1 operation for now . CFO says to decide later whether or not it will proceed with phase 2 on Sierra Gorda Further company coverage: [8053.T] ($1 = 111.8700 yen) (Reporting by Yuka Obayashi).  Full Article

Irish banana co Fyffes says received competition clearances for Sumitomo deal
Monday, 6 Feb 2017 02:00am EST 

Fyffes Plc : European commission has determined that it will not oppose acquisition of company by Swordus Ireland Holding Limited .This completes competition clearances required for transaction to complete.  Full Article

Japan banks to back Sumitomo's Indonesian geothermal power project -Nikkei
Thursday, 26 Jan 2017 03:44pm EST 

Nikkei: JBIC, mizuho bank, Bank of tokyo-mitsubishi ufj, Sumitomo Mitsui Banking Corp to support Indonesian geothermal power plant planned by Sumitomo Corp - nikkei . Loan amount to support Sumitomo's project will total around $440 million, of which jbic will cover roughly $200 million- nikkei .Sumitomo's Indonesian geothermal power project's cost is estimated at 70 billion yen, of which Sumitomo will invest around 35% - nikkei.  Full Article

R&I affirms Sumitomo's rating at "A+" and announces stable outlook – R&I
Wednesday, 21 Dec 2016 01:17am EST 

Sumitomo Corp <8053.T>: Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A+" – R&I .Rating outlook stable– R&I.  Full Article

Sumitomo to buy Fyffes via unit for 751 mln euro
Friday, 9 Dec 2016 02:39am EST 

Sumitomo Corp <8053.T>: Says it to buy Ireland-based firm Fyffes plc via unit Swordus Ireland Holding Limited .Says transaction price of about 751 million euro.  Full Article

Competition Commission of India approves JV between Gerdau S.A, Sumitomo Corp & Japan Steel Works<5631.T><8053.T>
Tuesday, 23 Aug 2016 08:00am EDT 

Competition Commission of India: CCI approves formation of joint venture between Gerdau S.A., Sumitomo Corporation and the Japan Steel Works Ltd . Further company coverage [GGBR4.SA] [8053.T] [5631.T] ((Bangalore.newsroom@thomsonreuters.com)).  Full Article

Sumitomo Corp to start selling fuel cells for commercial vehicles - NIKKEI<8053.T>
Wednesday, 10 Aug 2016 05:20pm EDT 

NIKKEI:Sumitomo Corp to start selling fuel cells for commercial vehicles through partnership with California-based manufacturer US hybrid - Nikkei.  Full Article

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