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- Mitsui & Co., Ltd.
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- Mitsui & Co., Ltd.
Corporate Communications Division
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Main Contents
Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori) has entered into a sale and purchase agreement with Actis GP LLP ("Actis"), in which Mitsui will sell all of its 40%-owned shares in MT Falcon Holdings S.A.P.I.de C.V. ("MT Falcon").
MT Falcon owns and operates 5 gas combined-cycle power plants and a gas-pipeline in Mexico, and since Mitsui's participation in the business as an operator in 2010, Mitsui has contributed to local communities and industries in Mexico with stable supply of electricity. Mitsui will continuously contribute to development and enhance quality of life in Mexico with its own businesses.
This transaction is expected to close before the end of fiscal year ending March 2022 subject to completion of certain conditions precedent, including the relevant regulatory approvals. Following the completion of the transaction, Mitsui will record approximately ¥7.8 billion as the loss from this transaction. The expected loss has not been incorporated in Mitsui's forecasts for the fiscal year ending March 2022 announced on August 3, 2021.
1. Outline of MT Falcon Holdings
| Location | Mexico City, Mexico |
|---|---|
| Capacity | 2,233MW in Total |
| Business Overview | Operation of 5 gas combined-cycle power plants and a gas-pipeline in Mexico |
| Mitsui's share | 40% |
2. Outline of Actis
| Name | Actis GP LLP |
|---|---|
| Business Overview | Actis is a global investor in sustainable infrastructure with a focus in the hard assets space including energy infrastructure, digital infrastructure and real estate. |
| URL |