Mitsubishi Motors Corp., which was bailed out by other Mitsubishi companies almost a decade ago, seeks to raise up to ¥241.6 billion ($2.3 billion) in a share sale. The said proceeds will enable it to resume dividend payments for the first time in more than 15 years.
Tags: Mitsubishi corp
Nissan, Mitsubishi Motors holds media briefing; CEOs to attend
The Mitsubishi Motors Corporation announced on Thursday that a joint news conference together with Nissan Motor Co. will happen with Mitsubishi Chairman and President Osamu Masuko and Nissan Chief Executive Carlos Ghosn on the side.
U.S. light oil exports double in May, mostly to Europe
U.S. exports of ultra-light crude, also known as condensate, have doubled since the start of the year, with most shipments headed to Europe, according to traders familiar with the deals and data from an energy consultant.
Oil above $60 as Saudi Arabia sees steady market
Brent crude oil steadied above $60 a barrel on Wednesday after Saudi Arabia's oil minister said he expected the oil market to balance itself.
Lawson to buy supermarket chain Seijo Ishii for $500 million
Japanese convenience store operator Lawson Inc said on Tuesday that it would buy upscale supermarket chain Seijo Ishii Co for about 55 billion yen ($503 million), including debt, from investment fund Marunouchi Capital.
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Japan Australia LNG Pty, the venture formed by Japanese firms Mitsubishi Corp and Mitsui & Co, will not proceed with a prior deal to buy liquefied natural gas from Woodside Petroleum Ltd's Browse venture.
Philippine conglomerate Ayala Corp has bought 140 million common shares of Mitsubishi Corp's equity in Manila Water Company Inc for PHP2.8 billion, according to an emailed statement.
The partnership of Mitsubishi Electric, Mitsubishi Corp and Mitsubishi Heavy with Tokyo Electric Power Co (Tepco) would lead to the building of integrated gasification combined-cycle (IGCC) stations in Fukushima.
The consortium running the Cameron LNG Project has lined up loan financing for the capitalization needed for the project.
The Energy Opportunity Fund LP is managed by Mitsubishi backed Alternative Investment Capital Ltd. Japan's largest trading firm and biggest importer of liquefied natural gas, Mitsubishi Corp, had laid out plans to lead the start up of its first energy focused private equity fund.
Japanese firm Mitsubishi plans to buy a majority stake from the Brazilian grain company, Los Grobo Ceagro.
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