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Nisseki in link with Teikoku

Nisseki Mitsubishi and its exploration unit will invest Y12.5bn ($112m) in purchasing all the shares issued in a capital increase by Teikoku next month. The move will make the group Teikoku's leading shareholder with 16.47 per cent of equity. Nisseki will pay Y313 for each share, equivalent to a 5.5 per cent discount to the closing share price before the deal was announced.

News Item details


Websites: http://www.ft.com

Countries: Japan -

Organisation: Nisseki Mitsubishi

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