ASIANS ON THE MOVE
- From: Vol 11, Issue 5 (May 2010)
- Category: Need to know
- Region: Asia
- Country: China, Japan and Korea (South)
- Related Companies: ACWA Power, Degrémont (Suez), Doosan, Mitsubishi, Samsung Engineering, Sasakura Engineering, SembCorp Utilities and United Utilities Australia
A Mitsubishi-led consortium has bought United Utilities' Australian interests, suggesting that Japanese companies are becoming more serious about their international expansion strategy.
* The deal was valued at A$225 million (US$203 million), which is quite steep for a business with revenues of A$50 million (US$44 million) and net profits in the region of A$8 million (US$7 million). However, it gives Mitsubishi a base from which to expand into the international utility business - there is very little scope ...
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