International law firm Ashurst advised Mitsui & Co on its joint acquisition with the Development Bank of Japan of an 8.5% stake in FKS Food & Agri (FKS) for US$104 million.
FKS and its subsidiaries are engaged in businesses including sourcing grains, oilseeds and sugar from around the world, refining sugar and shipping these products to various destinations, primarily in Southeast Asia.
Mitsui has identified “nutrition and agriculture” as a new growth area and views Southeast Asia as particularly important in terms of market growth and business expansion.
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