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Mitsui & Co. and Sumitomo Corp. Study Merger of Fertilizer Business in Japan

12:09 AM MST | March 8, 2012 | Deepti Ramesh

Mitsui & Co. (Tokyo) and Sumitomo Corp. (Tokyo) have agreed to launch a detailed study to integrate their fertilizer business in Japan. The two companies signed a basic agreement and are exploring the possibility of establishing a new company, which will take over the fertilizer raw materials export and import business of both companies; and the companies also plan to merge their Japanese manufacturing and sales subsidiaries Summit Agri-Business Corp. and Mitsui Bussan Agro-Business Co., and make it a wholly-owned subsidiary of the new merged company...

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