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Japan's Mitsui sells Finsider International to UK's Vendata for 981 mln usd

Tue, 24th Apr 2007 06:50

TOKYO (XFN-ASIA) - Mitsui & Co Ltd said it has sold 100 pct of Finsider In
ternational Co Ltd to Vendata Resources Plc of the UK for 981 mln usd.

Finsider holds a 51 pct stake in Sesa Goa Ltd of India, an iron ore mining firm.

The trading house said it expects to book an after-tax capital gain of 50 bln yen from the deal.

(1 usd = 118.48 yen)

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