TOKYO (dpa-AFX) - Mitsui & Co., Ltd (MITSF.PK, MITSY.PK), which currently holds 20% stake in Stanmore SMC Pty Ltd jointly with Mitsui & Co. (Australia) Ltd. or 'MAL', said Friday that it has decided to sell all of its shares in SMC held by Mitsui and MAL to an Australian subsidiary of Stanmore Resources Limited, a coal mining company and 80% shareholders of SMC, listed on the Australian Stock Exchange engaged in the coal business in Australia, for US$380 million.
Mitsui said it expects to complete the transaction during the fiscal year ending March 2023.
Copyright(c) 2022 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2022 AFX News
