Mitsui & Co Ltd Announces Participation in Power Generation and Power/Gas Retail Business in Australia

Tuesday, 8 Oct 2013 02:00am EDT 

Mitsui & Co Ltd announced that it has agreed with GDF SUEZ S.A. (GDF SUEZ), to invest in its subsidiary International Power (Australia) Holdings Pty Ltd (IPAH), which owns and operates the power generation business as well as the power and gas retail business in Australia. Mitsui will, by way of share subscription through its subsidiary to be newly established, acquire a 28% equity stake in IPAH. Closing of the transaction is expected to occur during October 2013. 

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3:54pm EDT