JBIC, Mitsubishi take stake in Middle East water company
The Japan Bank for International Cooperation (JBIC) has joined Mitsubishi Corp. and Mitsubishi Heavy Industries in acquiring a stake in Middle Eastern water treatment firm Metito.
According to Nikkei, JBIC will invest up to $92 million in newly issued preferred stock while a special purpose vehicle - 60% owned by Mitsubishi and 40% owned by Mitsubishi Heavy - will acquire 38.4%...
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