Mitsui will acquire stake in GA’s American operations

Jan 08, 2013 | 12:08 PM | None

Tags  Mitsui, automotive, Gestamp Automoción

TOKYO — Japanese trading house Mitsui & Co. Ltd. said it will acquire up to a 30-percent stake in the controlling companies of Gestamp Automoción's (GA's) North and South American operations.

Subject to regulatory approval by relevant authorities, Mitsui will initially buy newly issued shares of GA’s companies in the Americas through a third-party allocation of newly issued shares for a 15-percent stake. It will also provide convertible loans for....

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