Mitsui & Co. Ltd. (TSE:8031) agreed to acquire a 9.88% stake in TonenGeneral Sekiyu k.k. (TSE:5012) from Exxon Mobile Bay Limited Partnership for ¥33.6 billion on December 18, 2013. Mitsui will acquire 36 million shares of TonenGeneral Sekiyu. After the transaction, Exxon Mobile Bay Limited will hold 44 million shares in TonenGeneral Sekiyu. In related transaction, TonenGeneral Sekiyu k.k. agreed to acquire 89.93% stake in Mitsui Oil Co., Ltd. from Mitsui & Co. Ltd. for ¥24.9 billion. The transaction is expected to complete on February 4, 2013.

Mitsui & Co. Ltd. (TSE:8031) completed the acquisition of a 9.88% stake in TonenGeneral Sekiyu k.k. (TSE:5012) from Exxon Mobile Bay Limited Partnership on February 4, 2014.