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Sumitomo Corp (8053.T)

8053.T on Tokyo Stock Exchange

1,424JPY
26 May 2017
Change (% chg)

¥-13 (-0.90%)
Prev Close
¥1,436
Open
¥1,433
Day's High
¥1,436
Day's Low
¥1,423
Volume
2,607,300
Avg. Vol
4,334,798
52-wk High
¥1,576
52-wk Low
¥976

Latest Key Developments (Source: Significant Developments)

Sumitomo Corp, Brookfield Business Partners to invest in 70 pct stake in 26 project cos in Brazil
Wednesday, 10 May 2017 09:26am EDT 

May 10 (Reuters) - Sumitomo Corp <8053.T>:Sumitomo Corp - investing alongside Brookfield Business Partners in 70 pct controlling stake in 26 project cos involved in water, sewage services in Brazil.Sumitomo Corp - Sumitomo will invest approximately U.S.$250million, which represents a 14 pct stake in 26 project companies.  Full Article

Sumitomo Precision Products concludes capital business tie-up agreement with Sumitomo
Tuesday, 9 May 2017 03:19am EDT 

May 9 (Reuters) - Sumitomo Precision Products Co Ltd <6355.T>:* Says sale of shares is completed and signed business and capital alliance tie-up agreement with Sumitomo Corp <8053.T> on May 9 .* Previous news released on May 2.  Full Article

Sumitomo Precision Products plans business and capital alliance with Sumitomo
Tuesday, 2 May 2017 02:29am EDT 

May 2 (Reuters) - Sumitomo Precision Products Co Ltd <6355.T> ::* Says it plans to form a business and capital alliance with Sumitomo Corp <8053.T> , in various fields including sale of aerospace equipments and heat exchangers.* Says Sumitomo will acquire shares of co with effective date on May 9, and the collaboration is premised on completion of shares transferred .  Full Article

Sherritt and Ambatovy Joint Venture Partners reach agreement in principle
Monday, 1 May 2017 05:15pm EDT 

May 1 (Reuters) - Sherritt International Corp :Sherritt and Ambatovy Joint Venture Partners reach agreement in principle.Sherritt International Corp says Sherritt to remain as operator until at least 2024 in joint venture.Sherritt - elimination of Ambatovy JV additional partner loans, $1.4 billion at March 31, 2017, from sherritt's balance sheet with transfer of 28% interest in ambatovy.Sherritt International - revised joint venture partnership terms for sherritt to escrow about $23 million to satisfy 12% of potential future funding requirements.  Full Article

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

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