OREANDA-NEWS. February 18, 2011. Mitsui divests interests in Hong Kong International Terminals ("HIT"), and Yantian International Container Terminals ("YICT").

Mitsui & Co., Ltd. ("Mitsui") announced today that, Mitsui & Co. (H.K.) Ltd., a wholly owned subsidiary of Mitsui, has divested all its indirect equity and loan interests in HIT Investments Ltd. (1%, "HIT"), and in Yantian International Container Terminals Limited (2%) and the YICT business related subsidiaries, all of which (collectively called "YICT") to Hutchison Port Holdings (HPH), the operator and the majority shareholders of HIT and YICT. HPH is a subsidiary of Hutchison Whampoa Limited and manages ports and related services worldwide.

Upon a request of HPH to purchase Mitsui's shares, Mitsui decided on this divesture in consideration of its corporate strategy to optimize its business portfolio.
However, Mitsui's policy of continuing to develop a strong relationship with Hutchison remains the same.


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