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Mitsui & Co Ltd (8031.T)

8031.T on Tokyo Stock Exchange

17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Japan's Mitsui, Singapore's BW to form JV for Pakistan project
Tuesday, 14 Nov 2017 

Japan's Mitsui & Co <8031.T>::Says it and Singapore's BW Group agreed to form a joint venture to jointly own the Floating Storage and Regasification Unit (FSRU) in Pakistan.Says the joint venture would lease the FSRU to PGP Consortium Ltd, which would provide liquefied natural gas (LNG) regasification services to state-owned Pakistan LNG Terminals Ltd.Says it will take a 49 percent stake in venture, while remainder is to be held by BW.Says cost of the 15-year project is about $310 million and LNG receiving capacity is about 5.6 million tonnes per year.Says operation is to commence from end-November to first half of December 2017.  Full Article

Mitsui CFO: considering steps for Multigrain by end-March, sale an option
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Mitsui & Co Ltd <8031.T>:says set aside 42.3 billion yen ($371.31 million) for losses on its Brazilian Multigrain unit in July-Sept quarter.CFO says considering taking some measure on Multigrain by end-March, with sale as an option.CFO says has seen no impact on its businesses related to Kobe Steel products.  Full Article

Mitsui expected to post 30 pct jump in net profit for year ending in March - Nikkei‍​
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Nikkei::Mitsui & Co Ltd is expected to post 30 percent jump in net profit to around 400 billion yen ($3.52 billion) for the year ending in March - Nikkei‍​.  Full Article

Akastor and Mitsui to expand partnership
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Akastor Asa :Akastor asa: akastor and mitsui seek to expand partnership.‍announced today that it is in advanced discussions with mitsui & co., ltd. ("mitsui"), a leading japanese trading and investment company, to further expand their current partnership to include akofs offshore​.‍mitsui, together with potential partners, will invest in akofs by purchasing 50% of shares in company to form a new 50-50 joint venture​.‍mitsui, together with potential partners, will invest in akofs by purchasing 50% of shares in company to form a new 50-50 joint venture​.‍transaction is expected to result in an initial net cash release to akastor of approximately usd 142 million for shares in akofs, with a potential further cash release depending on earnings generated by akofs seafarer vessel in coming years​.‍completion of transaction is expected to occur in q1 2018​.‍through transaction, mitsui will assume an active role in further support and development of akofs together with akastor as a long-term business partner​.‍transaction still remains subject to agreement on final terms and conditions, final due diligence, entry of definitive agreements between akastor and mitsui and bod approvals for all respective parties​.‍completion of transaction is expected to occur in q1 2018​.  Full Article

Mitsui, JBIC to sign letter of interest in Rushydro stake-sources
Wednesday, 31 Aug 2016 

Rushydro : Japan's Mitsui <8031.T> and Japan Bank for International Cooperation [JBIC.UL] plan to sign a memorandum of interest with Russian state-owned hydroelectric power generating company Rushydro in buying up to 4.9 percent of Rushydro shares, two sources told Reuters. . The memorandum may be signed during a forum in Russia's Vladivostok this week, but there is no final agreement to make the deal, a source familiar with the companies' plans and a Russian government official said. . Rushydro declined to comment. Further company coverage: [HYDR.MM] (Reporting by Anastasia Lyrchikova) ((ekaterina.golubkova@thomsonreuters.com)).  Full Article

Alert Logic Partners with Mitsui for Japan expansion
Wednesday, 1 Jun 2016 

Mitsui & Co Ltd <8031.T> :Alert Logic says strategic partnership with Mitsui & Co Ltd; as part of strategic relationship, Mitsui made a capital investment in alert logic.  Full Article

Starzen signs business and capital alliance with Mitsui Co Ltd
Thursday, 12 May 2016 

Starzen Co Ltd <8043.T> : Says it has formed a business and capital alliance with Mitsui Co Ltd <8031.T> . Says through the business alliance, the two companies will work together on the overseas business expansion and development . Says through the capital alliance, Starzen will sell 1,333,300 shares to Mitsui, at the price of 3,191 yen per share, or 4,254,560,300 yen in all, through private placement . Says Mitsui will become the top share holder of Starzen, with 15,549 voting rights (16.69 percent), up from 2,216 voting rights (2.78 percent) .Effective date May 31.  Full Article

Mitsui & Co: to raise 350 bln yen via syndicated loans
Tuesday, 10 May 2016 

Mitsui & Co Ltd <8031.T> says: to raise 350 billion yen ($3.22 billion) via syndicated loans Further company coverage: [8031.T] ($1 = 108.7700 yen).  Full Article

Mitsui & Co Ltd to dissolve Mitsui & Co. LNG Investment
Thursday, 31 Mar 2016 

Mitsui & Co Ltd:Says wholly owned subsidiary Mitsui & Co. LNG Investment Limited to be dissolved and liquidated after transfer its business firm to Mitsui & Co Ltd.  Full Article

Mitsui lowers consolidated full-year net profit outlook for FY 2016
Wednesday, 23 Mar 2016 

Mitsui & Co Ltd:Says the company lowered the consolidated full-year outlook for net profit to a loss of 70,000 mln yen from 190,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of earnings per share to a loss of 39.05 yen from 106.00 yen.Says related market condition as main reason for the forecast.  Full Article

Japan to examine if coal destination restriction limits trade -media

TOKYO, Nov 17 Japan's Ministry of Economy, Trade and Industry (METI) is seeking to determine whether clauses in long-term coal contracts that bar buyers from diverting and reselling cargoes are limiting trade, Bloomberg News reported on Friday, citing sources familiar with the matter.