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Mitsui Acquires Full Ownership of ITC Rubis to Boost European Operations

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Mitsui Acquires Full Ownership of ITC Rubis to Boost European Operations

Mitsui & Co ( (JP:8031) ) has provided an announcement.

Mitsui & Co., Ltd. has acquired the remaining 50% of shares in ITC Rubis Terminal Antwerp NV, making it a wholly owned subsidiary. This acquisition will allow Mitsui to double its earnings from ITC Rubis and accelerate the expansion of its tank terminal operations in Antwerp, a key chemical logistics hub in Europe.

More about Mitsui & Co

Mitsui & Co., Ltd. is a diversified Japanese company involved in various industries, including chemicals, energy, and logistics. The company focuses on expanding its global operations and enhancing its market presence through strategic acquisitions and partnerships.

YTD Price Performance: -6.45%

Average Trading Volume: 13,830

Technical Sentiment Signal: Sell

Current Market Cap: $53.3B

See more data about 8031 stock on TipRanks’ Stock Analysis page.

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