India, Dec. 3 -- Japan's Mitsui & Co., Ltd. (MITSF.PK, MITSY.PK) Monday announced that it has entered into respective agreements with New Hope Corporation Limited to sell its 10% interest in the Bengalla Joint Venture in New South Wales, Australia for A$215 million.
The transaction will be subject to regulatory approval and pre-emption rights under the Bengalla JV Deed. Mitsui expects to record gain from sales for this transaction, but the amount and the timing will vary in accordance with various factors such as the fluctuation in the FX and the completion date.
The expected gain from this transaction is not included in the revised forecast for the fiscal year ending March 2019, which was announced on October 30, 2018.
Bengalla JV, whic...