Mitsui to divest its interest in MT Falcon Holdings

Sep. 16, 2021

Main Contents

Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori) has entered into a sale and purchase agreement with Actis GP LLP ("Actis"), in which Mitsui will sell all of its 40%-owned shares in MT Falcon Holdings C.V. ("MT Falcon").

MT Falcon owns and operates 5 gas combined-cycle power plants and a gas-pipeline in Mexico, and since Mitsui's participation in the business as an operator in 2010, Mitsui has contributed to local communities and industries in Mexico with stable supply of electricity. Mitsui will continuously contribute to development and enhance quality of life in Mexico with its own businesses.

This transaction is expected to close before the end of fiscal year ending March 2022 subject to completion of certain conditions precedent, including the relevant regulatory approvals. Following the completion of the transaction, Mitsui will record approximately ¥7.8 billion as the loss from this transaction. The expected loss has not been incorporated in Mitsui's forecasts for the fiscal year ending March 2022 announced on August 3, 2021.

1. Outline of MT Falcon Holdings

Location Mexico City, Mexico
Capacity 2,233MW in Total
Business Overview Operation of 5 gas combined-cycle power plants and a gas-pipeline in Mexico
Mitsui's share 40%

2. Outline of Actis

Name Actis GP LLP
Business Overview Actis is a global investor in sustainable infrastructure with a focus in the hard assets space including energy infrastructure, digital infrastructure and real estate.


For inquiries on this matter, please contact

Mitsui & Co., Ltd.
Investor Relations Division
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Mitsui & Co., Ltd.
Corporate Communications Division
Telephone: +81-80-5912-0321
Facsimile: +81-3-3285-9819
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