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Mitsubishi Corporation (8058.T)
- Zacks
Rio Tinto (RIO) Inks Deal to Buy 11.65% Stake in Boyne Smelters
Rio Tinto (RIO) is set to acquire Mitsubishi's 11.65% interest in Boyne Smelters, taking its interest in the venture to 73.5%.
- Reuters
Australia's Rio Tinto to buy Mitsubishi's nearly 12% stake in Boyne Smelters
Boyne, which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia, is a joint venture between Rio Tinto, YKK Aluminium and others. In late May, Rio signed a deal to buy Sumitomo Chemical's 2.46% interest in the venture. The purchase from Sumitomo Chemical and the completion of the deal with Mitsubishi will see Rio's interest in Boyne increase to 73.5%, the Australian miner said.
- Reuters
Italy's Newlat Food to buy Britain's Princes for nearly $900 million
(Reuters) -Italy's Newlat Food has agreed to buy Princes for 700 million pounds ($892 million) to add the British company's tinned fish and Napolina sauces to its range and create the food sector's first Milan-based "unicorn" - or billion-dollar startup. Newlat's shares were up 7.4% at 1022 GMT. Newlat said it would pay 650 million pounds in cash, plus 50 million pounds from the sale of shares in parent Newlat Group, to Princes' current owner Mitsubishi Corporation.
