TOKYO (dpa-AFX) - Japan-based Mitsui & Co., Ltd. (MITSY.PK) Tuesday said its associate company Integrated Healthcare Holdings Sdn.Bhd has agreed to buy a 60 percent stake in Turkish private healthcare group, Acibadem. Mitsui owns 30 percent stake in Integrated Healthcare through its subsidiary MBK Healthcare Partners Limited.
Integrated Healthcare will complete the acquisition through a combination of cash payment and an exchange of newly-issued Integrated Healthcare shares with Acibadem shares. Due to the new share issues, MBK's shareholding in Integrated Healthcare is expected to be diluted from 30 percent to 26.6 percent.
Mitsui noted that the transaction is not expected to have any significant impact on its consolidated results for the fiscal year ending March 31, 2012.
Friday, Mitsui shares closed at $306.68 on the OTC market.
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