Mitsubishi to sell two thermal coal assets for AUS$750 million
Published by Stephanie Roker,
Editor
World Coal,
Mitsubishi Corporation (MC) has entered into agreements to sell its two thermal coal assets held by Mitsubishi Development Pty Ltd, its wholly owned subsidiary headquartered in Brisbane, Australia. The total sale value of the assets is AUS$750 million.
The sales are subject to the terms of the Clermont joint venture documents, under which other joint venture participants hold pre-emptive rights, and fulfillment of other conditions, including certain regulatory approvals. The completions of the sales are expected in 2019.
MC has been taking steps to optimise its asset portfolio. The divestment of the assets is one part of this strategy.
Read the article online at: https://www.worldcoal.com/power/19122018/mitsubishi-to-sell-two-thermal-coal-assets-for-aus750-million/
You might also like
FutureCoal welcomes global shift toward technology-neutral, energy-secure pathways at COP30 and G20
FutureCoal has welcomed the outcomes of the G20 Leaders’ Summit in Johannesburg and the COP30 climate negotiations in Belém, noting that both major global forums reinforced the needs of many emerging economies requiring balanced, methodical, technology-neutral energy pathways.