M&A Deal Summary

Mitsubishi and Mitsui & Co Acquire Japan Australia LNG Pty.

On January 1, 2000, Mitsubishi and Mitsui & Co acquired oil/gas exploration company Japan Australia LNG Pty.

Acquisition Highlights
  • This is Mitsubishi’s 1st and Mitsui & Co’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Mitsubishi’s 1st and Mitsui & Co’s 2nd transaction in Australia.

M&A Deal Summary
Date 2000-01-01
Target Japan Australia LNG Pty.
Sector Oil/Gas Exploration
Buyer(s) Mitsubishi
Mitsui & Co
Deal Type Joint Venture

Target

Japan Australia LNG Pty.

Perth, Australia
apan Australia LNG (MIMI) Pty. Ltd. develops, produces, transports and sells natural gas, condensate, crude oil, and LPG.

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Buyer(S) 2

Buyer

Mitsubishi

Tokyo, Japan
Category Company
Founded 1950
Sector Diversified
Employees65,975
Revenue 19.57T JPY (2024)
DESCRIPTION

Mitsubishi is a diversified holding company, Mitsubishi engages in global environmental & infrastructure, bushiness service, industrial finance, logistics & development, energy business, metals, machinery, chemicals and living essentials business. Mitsubishi was founded in 1950 and is based in Tokyo, Japan.

DEAL STATS #
Overall 2 of 15
Sector (Oil/Gas Exploration) 1 of 1
Type (Joint Venture) 2 of 2
Country (Australia) 1 of 2
Year (2000) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1985-01-01 Nippon Giant Tire

Tatsuno, Japan

Nippon Giant Tire (NGT) is a wholly owned subsidiary of Goodyear. It is based in the Tatsuno area of Japan and manufactures Off-The-Road (OTR) tires in its high-technology facility for Goodyear's customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-10 Hernic Ferrochrome

Brits, South Africa

Hernic Ferrochrome (Pty) Ltd. is a producer and supplier of ferrochrome and chrome ore to the stainless steel industry in South Africa.

Buy -
Buyer

Mitsui & Co

Tokyo, Japan
Category Company
Founded 1947
Sector Diversified
Employees53,602
Revenue 13.32T JPY (2024)
DESCRIPTION

Mitsui & Co engages in the export, import, wholesale, and retail of steel products; steel processing; mining and sale of iron ores; and sale and trading of ferrous scrap and alloy products and chemicals, energy, food, food & retail management, healthcare & service, consumer business, IT & communication business, corporate development business. Mitsui & Co was founded in 1947 and is based in Tokyo, Japan.

DEAL STATS #
Overall 2 of 47
Sector (Oil/Gas Exploration) 1 of 2
Type (Joint Venture) 2 of 3
Country (Australia) 2 of 6
Year (2000) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1992-01-01 Bengalla Joint Venture

Brisbane, Australia

Bengalla Joint Venture produces mainly thermal coal for a coal-fired power plant and general industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-01 SunWize Technologies

San Jose, California, United States

SunWize finances and builds sustainable energy systems for the public, private and residential sectors.

Buy -
Mergr

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