UPDATE 1-Mitsui & Co to invest 1.2 trln yen in 2 years – Nikkei

May 4 (BestGrowthStock) – Japanese trading house Mitsui & Co Ltd
(8031.T: ) plans to invest about 1.2 trillion yen ($12.79
billion) over two years from fiscal 2010, mostly in energy and
infrastructure operations overseas, the Nikkei business daily
reported.

As the global financial crisis shows signs of recovery, the
trading house expects investment opportunities to grow
primarily in emerging markets, and plans to channel a big chunk
of investment into countries like Brazil, China and Mexico, the
Nikkei said.

Mitsui intends to invest nearly 700 billion yen in the
current year ending March 31, 2011, and around 500 billion yen
in the next year, the paper said without naming sources. Mitsui
would likely make large investments in shale gas development,
in the natural resources and energy sector, the report said.

The company also plans to invest in securing concessions to
oil, gas, iron ore, coal and other resources, keeping in mind
the potential for rising commodities prices, the daily said.

The Nikkei said, however, more than half of Mitsui’s total
investment will be driven into non-energy areas like food
businesses and retail operations to avoid the price volatility
risks associated with operations involving natural resources.

Mitsui also aims to grab orders for overseas infrastructure
projects involving power generation, waterworks, high-speed
rail and other areas, the report said.

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($1=93.81 Yen)
(Reporting by Koustav Samanta in Bangalore; Editing by
Gopakumar Warrier)

UPDATE 1-Mitsui & Co to invest 1.2 trln yen in 2 years – Nikkei