Sep 22, 2014

Mitsubishi offers to buy Norwegian fishery Cermaq for $1.4 billion

Mitsubishi Corp. proposed to buy Norwegian fishery Cermaq ASA for 8.88 billion kroner ($1.4 billion) to expand its foods business. The offer is 14 percent more than Cermaq’s closing price Friday, the trading house said Monday. Cermaq’s headquarters will remain in Norway, it said. ...

Jul 28, 2014

As U.S. kicks off crude exports, Iran casts a shadow in Asia

The United States faces an awkward rival in its first attempts in 40 years to export crude oil — Iran. Iran, whose economy has been throttled by Western sanctions that have halved its crude shipments, is now selling higher quality and cheaper oil to ...

Jul 8, 2014

Mitsubishi and MHI to acquire stake in UAE water firm

Mitsubishi Corp. and Mitsubishi Heavy Industries have announced they have entered into an agreement with a water firm in the United Arab Emirates to acquire a 38.4 percent share in its water and wastewater projects. The joint statement Monday did not disclose how much ...

Nov 14, 2013

Sinopharm, Mitsubishi form Chinese medical supplier

Sinopharm Group Co., China’s top drug distributor, teamed with Mitsubishi Corp. to form a medical supply distributor to slash the rising cost of health care in Asia’s biggest economy. Sinopharm MC Hospital Services Co., based in Shanghai, will add to the two Beijing-based pharmaceutical ...

Aug 12, 2013

Mitsubishi, JALUX on inside track to run Myanmar airport

Mitsubishi Corp. and JALUX Inc. said Monday they have obtained preferential negotiating rights from the Myanmar government to operate Mandalay International Airport and remodel its passenger terminal. If the consortium, which includes SPA Project Management Ltd., a Myanmar company, wins the order, it will ...

Jul 3, 2013

Japan, Canada pension funds in $2 billion deal

A Japanese pension fund is joining a Canadian partner and other firms in a $2 billion deal involving the purchase of a Michigan power plant, a company involved in the deal said Tuesday. The Pension Fund Association, a federation of employees’ pension funds, and ...