Apr 24, 2007

Mitsue sells Sesa Goa stake to Vedanta for $981-mn

Mitsui & Co, Japan's second-biggest trading company, said on Tuesday it had sold its 51 per cent stake in Indian iron ore exporter Sesa Goa Ltd to Vedanta Resources Plc for $981 million.
The sale will generate 50 billion yen ($423 million) in profit, Mitsui said in a statement.

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