Japanese trading house Mitsui & Co. (8031.TO) said Friday that it will buy an additional stake in U.K.'s IPM Eagle LLP by purchasing $95 million new shares.

Mitsui said it will buy a portion of a total of new shares worth $315 million in proportion to its stake in the joint venture. IPM Eagle LLP is currently 30% held by Mitsui and 70% by International Power plc. of the U.K.

-By Hiroyuki Kachi, Dow Jones Newswires; 813-6269-2789; Hiroyuki.Kachi@dowjones.com
Mitsui (NASDAQ:MITSY)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Mitsui Charts.
Mitsui (NASDAQ:MITSY)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Mitsui Charts.