News: Sumitomo Corp (8053.T)

8053.T on Tokyo Stock Exchange

27 May 2015
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¥-13 (-0.87%)
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Wed, Mar 25 2015

UPDATE 2-Japan's Sumitomo warns of first annual loss in 16 years

* To cut resource investment to 10 pct of spending from 40 pct (Adds details of investment plan, President quotes)

UPDATE 1-TPG sells stake in Indonesia's BTPN to Sumitomo for $462 mln

JAKARTA, Feb 18 - Private equity firm TPG Capital has sold a 17.5 percent stake in PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) to an affiliate of Japan's Sumitomo Corp for 5.93 trillion rupiah ($461.8 million).

UPDATE 1-Sumitomo warns of further write-down on energy, iron ore assets

* Non-resource businesses doing well - CFO (Adds quote, details on write-downs, background)

UPDATE 1-China Shenhua and partners bid for Mongolian coal project

* Consortium handed in bid to develop east and west Tsankhi

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