The Abu Dhabi Media Office announced Wednesday that oil companies BP Plc, Shell Plc, and TotalEnergies SE, along with trading firm Mitsui & Co. formally signed an agreement in which each of them will be awarded 10% of equity stakes of the state-owned ADNOC project for liquefied natural gas...
Elliott Management Corp. allegedly acquired a stake of over 2% in Mitsui Fudosan Co. Ltd., a Japanese real estate developer, and is urging the developer to drop its stake in Tokyo Disney Resort operator Oriental Land, Nikkei Asia reported, citing sources.
Elliot allegedly proposed to Fudosan to sell its...
Warren Buffett's Berkshire Hathaway has made the acquisition of holdings in five Japanese trading houses, including Mitsubishi Corp., Mitsui & Co. Ltd., Itochu Corp., Marubeni Corp. and Sumitomo Corp, the company confirmed.
Berkshire said it now owns a little over 5% stake, valued at roughly $6.25...
Japanese shipbuilding giant Mitsui E&S is seeking a tie-up with Mitsubishi Heavy Industries amid the financial crisis that forced the company's business restructuring, Nikkei Asian Review reported on Tuesday. The potential merger may lead to cooperation between two out of three major domestic...
Mitsui & Co. Ltd. said it is in talks with Novatek to acquire a stake in the Russian company's Arctic LNG 2 project, the company told the Nikkei. Operations are planned to start in 2022 or 2023 and produce around 19.8 million tons of liquefied natural gas (LNG) a year, the Japanese trading house...
A.P. Møller – Mærsk A/S, or Maersk Group, signed a deal to divest Maersk Tankers A/S for $1.17 billion. Another unit in the breakup of the energy business will be run by APMH Invest A/S, a subsidiary of A.P. Moller Holding A/S, the family investor which controls the Danish shipping and logistics...
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