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Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) announced that Mitsui has sold 7,350,000 shares (approx. 6.7% of issued shares) in Nihon Unisys, Ltd. ("NUL") through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) in the Tokyo Stock Exchange, as indicated in the Notification of Stock Repurchase through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) by NUL dated Feb. 23, 2017. Through this transaction Mitsui's interest in NUL has decreased from 8.9% to 2.2%.
Mitsui decided this transaction in consideration of Mitsui's corporate strategy to optimize its business portfolio, and the cash-flow generated through this transaction is ¥11.1 bil.
Even after this transaction, Mitsui remain a shareholder of NUL and will continue to maintain the good relationship with NUL.
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.