Mitsui to Underwrite Third Party Allocation of Newly Issued Shares
OREANDA-NEWS. September 21, 2012. Mitsui & Co., Ltd. ("Mitsui") announced today that third party allocation of newly issued shares of Inversiones Mineras Acrux SpA ("Acrux"), the joint venture with Corporaciуn Nacional del Cobre de Chile ("Codelco"), is executed and that it subscribed for 17% of the Acrux shares by USD 1.1 billion. Subscription was completed through Mitsui's newly established wholly owned investment subsidiary, Inversiones CLC Gama Limitada. Acrux allocated the increased capital to acquire 5% of Anglo American Sur S.A. shares ("Anglo Sur") from Anglo American plc., and Mitsui and Codelco jointly hold 29.5% of Anglo Sur shares.
Mitsui is currently analyzing the impact of this transaction to Mitsui's consolidated financial result of the fiscal year March 2013.
Notice:
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.
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