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Mitsui & Co Ltd (MITSY.PK)

MITSY.PK on OTC Markets Group

300.47USD
22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Maersk sells tanker unit to controlling shareholder; Mitsui to enter ownership consortium
Wednesday, 20 Sep 2017 02:44am EDT 

Sept 20 (Reuters) - A.P. MOLLER-MAERSK MAERSKB.CO SAYS::HAS ENTERED INTO AN AGREEMENT TO SELL SHARES IN MAERSK TANKERS A/S (MAERSK TANKERS) TO APMH INVEST A/S (APMHI) FOR $1.17 BILLION ON A DEBT AND CASH-FREE BASIS.APMHI IS A 100% OWNED SUBSIDIARY OF A.P. MOLLER HOLDING A/S WHO IS CONTROLLING SHAREHOLDER OF APMM.HAS BEEN INFORMED THAT APMHI IS PLANNING TO SUBSEQUENTLY ESTABLISH AN OWNERSHIP CONSORTIUM FOR MAERSK TANKERS' FLEET WITH MITSUI & CO. LTD.PROCEEDS FROM DISPOSAL WILL BE USED BY APMM TO REDUCE DEBT.TRANSACTION HAS NO IMPACT ON APMM'S FINANCIAL GUIDANCE FOR 2017.  Full Article

GE sells remaining equity stake in Penske Truck Leasing
Thursday, 7 Sep 2017 09:27am EDT 

Sept 7 (Reuters) - General Electric Co :GE sells remaining equity stake in Penske Truck Leasing.General Electric Co - ‍Total proceeds from deal are approximately $674 million, with pag buying approximately 35% of stake and MBK buying 65% of stake.General Electric Co - Sold its remaining 15.5% equity stake in Penske Truck Leasing Co, L.P., to penske automotive group and a unit of Mitsui & Co.  Full Article

BioAmber says members of BioAmber Sarnia's board nominated by Mitsui to resign
Thursday, 3 Aug 2017 09:22am EDT 

Aug 3 (Reuters) - Mitsui & Co Ltd <8031.T>:Bioamber-Entered deal pursuant to which co,bioamber sarnia to indemnify mitsui for payments made pursuant to guarantee under cad $20 million loan agreement​.Bioamber says as per agreement between co, mitsui, bioamber sarnia, members of bioamber sarnia's board nominated by mitsui will resign effective aug 1.Bioamber inc says‍ agreement to also indemnify mitsui for any payments made under bioamber sarnia's cad $15.0 million loan agreement - sec filing.  Full Article

Bioamber reports Q2 loss per share $0.20
Thursday, 3 Aug 2017 07:00am EDT 

Aug 3 (Reuters) - Bioamber Inc ::Bioamber announces record revenues for the second quarter 2017 and purchase of mitsui equity stake in sarnia joint venture.Q2 loss per share $0.20.Q2 revenue $4.1 million versus I/B/E/S view $4.4 million.Bioamber - ‍entered into a definitive agreement to purchase Mitsui & Co Ltd's entire minority equity position in sarnia manufacturing joint venture​.Bioamber Inc - ‍following closing of transaction, Bioamber Inc will own 100pct of Bioamber Sarnia production facility​.Bioamber Inc - ‍mitsui will still continue to distribute Bioamber's Bio-Succinic Acid in Asia and other markets​.  Full Article

Mitsui unit to sell trust beneficial rights of property
Tuesday, 1 Aug 2017 02:59am EDT 

Aug 1 (Reuters) - Mitsui & Co Ltd <8031.T>:Says its wholly owned unit Mitsui & Co. Real Estate Ltd. plans to sell trust beneficial rights of a Tokyo-based property to Japan Real Estate Investment Corporation <<<8952.T>>> on Sept. 1.Says other details are not disclosed .  Full Article

Mitsui & Co to buy U.S. biopesticide company Lam International - Nikkei
Monday, 19 Jun 2017 05:51pm EDT 

June 20 (Reuters) - Nikkei::Mitsui & Co. will acquire U.S. Company Lam International to broaden its biopesticide offerings - Nikkei.Mitsui & Co is expected to pay about 1 billion yen to 2 billion yen for Montana-based co, which makes biological pesticides using a fungus strain - Nikkei.  Full Article

Axiata Group inks deal with M&Y Asia Telecom and Mitsui & Co Ltd
Friday, 19 May 2017 07:53am EDT 

May 19 (Reuters) - Axiata Group Bhd ::Axiata Investments (Cambodia) entered into a share purchase agreement with M&Y Asia Telecom Holdings Pte. Ltd. and Mitsui & Co., Ltd..Deal for a total cash consideration of USD66.0 million.Proposed disposal is expected to have dilutive impact to the earnings and EPS for financial year ending 31 December 2017.Agreement for disposal by AIC of 226 ordinary shares in Axiata Holdings Limited, representing 10% capital of ACH.Has also granted Mitsui a call option to acquire an additional 10% interest, exercisable within 12 months from the completion of deal.Pursuant to initial sale, AIC entered into amended and restated shareholders agreement with My Asia and Southern Coast Ventures Inc.  Full Article

Mitsui & Co establishes $100 mln fiber-optic project in Kenya - Nikkei
Tuesday, 16 May 2017 06:00pm EDT 

May 17 (Reuters) - Nikkei: :Mitsui & co establishes $100 million fiber-optic project in Kenya - Nikkei.  Full Article

Mitsui & Co acquires PANGEA (EMIRATES) LIMITED for 25.1 bln yen
Tuesday, 9 May 2017 03:41am EDT 

May 9 (Reuters) - Mitsui & Co Ltd <8031.T>:* Says it acquired all shares of PANGEA (EMIRATES) LIMITED from Vale S.A. for 25.1 billion yen, or $228 million .* Transaction was completed on March 27 .  Full Article

Mitsui & Co will sign a memorandum with Russian drugmaker R-Pharm on a capital tie-up - Nikkei
Tuesday, 25 Apr 2017 04:44pm EDT 

April 26 (Reuters) - Nikkei::Mitsui & Co. will sign a memorandum with Russian drugmaker R-Pharm on a capital tie-up; Mitsui will buy an equity stake in R-Pharm - Nikkei.Size of the ownership is seen amounting to tens of billions of yen (10 billion yen equals about $90 million) - Nikkei.  Full Article

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Maersk sells oil tankers to owner, opening door to Mitsui

COPENHAGEN A.P. Moller-Maersk has agreed a $1.71 billion deal to sell its oil tanker division to its controlling shareholder, who in turn will enter an ownership consortium with Japan's Mitsui & Co .