TOKYO : Four Japanese companies, including Mitsui & Co, have agreed to sell their entire stakes in Mexican power plant operator MT Falcon Holdings to British fund Actis GP LLP for an undisclosed figure, the companies said on Thursday.
Trading house Mitsui, which has a stake of 40per cent in MT Falcon, said the deal followed a review of its asset portfolio. It plans to book a loss of 7.8 billion yen from the sale in the current financial year ending March 31, it added. Tohoku Electric Power, which has a stake of 10per cent in the project, confirmed the plan, but did not comment on the reason or its financial impact.
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