Mitsui & Co: To Buy 30% Stake In Malaysia's Integrated Healthcare For Y92.4 Billion

Date : 04/07/2011 @ 4:41AM
Source : Dow Jones News
Stock : Mitsui & Company, Ltd. - Ads Each Representing 20 Shares of Common Stock (MM) (MITSY)
Quote : 345.44  0.0 (0.00%) @ 2:06AM

Mitsui & Co: To Buy 30% Stake In Malaysia's Integrated Healthcare For Y92.4 Billion

Mitsui & Co. Npv (TSE:8031)
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Mitsui & Co (8031.TO) said Thursday that it will buy a 30% stake in Malaysia's Integrated Healthcare Holdings from the country's sovereign wealth fund Khazanah Nasional Bhd. for about Y92.4 billion.

The Tokyo-based trading house said the move will strengthen its medical and health care business, citing growing demand for such sectors in Asia.

Integrated Healthcare runs leading hospitals in Singapore and Malaysia and invests in India's Apollo Hospitals Enterprise.

-By Atsuko Fukase, Dow Jones Newswires; 813-6269-2792; atsuko.fukase@dowjones.com

 
 

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