Oct. 24, 2012
Mitsui & Co., Ltd.
Cancellation of basic agreement concerning fertilizer business integration in Japan
Mitsui & Co., Ltd. ("Mitsui", Head office: Tokyo, President and CEO: Masami Iijima) and Sumitomo Corporation ("Sumitomo", Head office: Tokyo, President and CEO: Kuniharu Nakamura) have been negotiating about the integration of their fertilizer business in Japan since the announcement of the basic agreement on March 8, 2012. However, the both companies have reached to a conclusion that integration would not yield the benefits that were initially anticipated, and Mitsui and Sumitomo have therefore canceled their basic agreement concerning the integration of fertilizer business in Japan.
The business alliance established in March 2010 in relation to the fertilizer raw material importing business will continue.
Corporate Communications Department,