Thursday, 12 July 2007

Japan's Marubeni set to take over Jamaican utility

(Reuters) - The Marubeni unit will pay $800 million for the power
company shares, which Mirant bought from the Jamaican
government six years ago for $200 million, the ministry said.




It said the government would retain its 20 percent stake in
the company and that, under conditions of the sale, Marubeni
had to give a commitment to improving its operations.


Read more at Reuters.com Mergers News

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