SATS Completes Mitsui Investment in Food Solutions JV

MT Newswires

2024/11/25

SATS (SGX:S58) said Mitsui & Co. (TYO:8031) completed its acquisition of a 15% stake in SATS-Mit Food Solutions, previously known as Food Solutions Sapphire Holdings, according to a Friday filing with the Singapore Exchange.

The transaction, part of a July agreement, involved the partial equity divestment by SATS Investments Pte. Ltd. (SIPL) to Mitsui.

Alongside the equity transfer, agreements for loan novations and bond subscriptions were finalized, with Mitsui making cash payments for the equity and associated agreements.

Further payments for additional bonds will be made upon their subscription, SATS said in a statement.

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(TYO:8031) completed its acquisition of a 15% stake in SATS-Mit Food Solutions, previously known as Food Solutions Sapphire Holdings, according to a Friday filing with the Singapore Exchange.</p><p>The transaction, part of a July agreement, involved the partial equity divestment by SATS Investments Pte. Ltd. (SIPL) to Mitsui.</p><p>Alongside the equity transfer, agreements for loan novations and bond subscriptions were finalized, with Mitsui making cash payments for the equity and associated agreements.</p><p>Further payments for additional bonds will be made upon their subscription, SATS said in a statement.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999014484.SGD","symbol_name":"Nikko AM ASEAN Equity Fund A SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2486712765","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486712765","pubTimestamp":1732488278,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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