Mitsubishi Corp. To Boost Stake In Thai Union Group Public Company To 20%

Realtime	Geld	Brief	Zeit
	17,432	17,650	10:39
	17,398	17,688	10:39

Realtime

Geld

Brief

Zeit

17,432

17,650

10:39

17,398

17,688

10:39

Mitsubishi Corp. To Boost Stake In Thai Union Group Public Company To 20%

TOKYO (dpa-AFX) - Mitsubishi Corporation (MBC.L, MSBHY.PK) announced that it plans to acquire an additional 13.81% of Thai Union Group Public Company Limited's total issued shares (excluding treasury shares) through a general offer. The proposed offer price is 12.5 Thai Baht per share. This would increase its stake to 20% from 6.19%.

Upon completion of the general offer, Thai Union will become an equity-method affiliate of Mitsubishi Corporation.

Mitsubishi noted that Thai Union is a leading global seafood processor and distributor, recognized for its strong market position in canned tuna and tuna-based wet pet food.

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