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Sumitomo Corp (8053.T)

8053.T on Tokyo Stock Exchange

28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Nippon Koei to sell Tokyo-based property to Sumitomo Corp
Wednesday, 12 Apr 2017 02:11am EDT 

Nippon Koei Co Ltd <1954.T> :Says it plans to sell a Tokyo-based property (land and building) to Sumitomo Corp at an undisclosed price in July.  Full Article

Sumitomo Corp. will enter the water and sewage management business in Brazil- Nikkei
Monday, 10 Apr 2017 04:42pm EDT 

Nikkei- : Sumitomo Corp. will enter the water and sewage management business in Brazil- Nikkei . Consortium including Sumitomo and Canadian investment co Brookfield Asset Management will invest in Brazilian Engineering Conglomerate Odebrecht - Nikkei .Of the consortium's projected 70% stake in Odebrecht, Sumitomo's will come to 14%, or about $250 million- Nikkei.  Full Article

Sumitomo to buy 49 pct stake in India's Mukand Alloy Steels-Nikkei
Thursday, 30 Mar 2017 05:14pm EDT 

Nikkei- :Sumitomo to spend over 20 billion yen to buy 49 percent interest in Mukand Alloy Steels from Mukand Ltd-Nikkei.  Full Article

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

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