Mitsui & Co ( (JP:8031) ) has issued an update.
Mitsui & Co., Ltd. has signed a definitive agreement to acquire a 15% interest in the Rhodes Ridge iron ore project in Australia from AMB Holdings Pty Ltd. The acquisition, valued at approximately 2,003 million USD, is expected to have a minor impact on Mitsui’s financial results for FY March 2025 and is anticipated to be completed by FY March 2026, pending necessary approvals.
More about Mitsui & Co
Mitsui & Co., Ltd. is a Tokyo-based company engaged in a wide range of industries, including iron ore projects. It focuses on acquiring interests in significant projects to enhance its market position.
YTD Price Performance: -17.75%
Average Trading Volume: 10,444
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $53.43B
See more data about 8031 stock on TipRanks’ Stock Analysis page.