BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Mitsui & Co., Ltd. (MITSF.PK, MITSY.PK) has agreed on the sale of its entire economic interest in the Astoria I power generation project in New York City. The project is an independent power business that operates a gas-fired combined cycle power station that supplies power on a merchant basis to New York City.
The company stated that the asset divestment was conducted as a part of the strategic asset recycling, and the transaction does not have any significant impact on consolidated financial results for the year ending March 2020.
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