Mitsubishi takes stake in rare earths group Lynas
Published: Monday, 25 July 2011
Japan’s Mitsubishi invests $324m. to gain 9.9% stake in Australia-based rare earths group Lynas Corp.; Malaysian plant on course
Japanese trading house Mitsubishi has invested $324m. to increase its interest in Australia-based rare earths group Lynas Corp.
Mitsubishi now holds a 9.9% stake in Lynas after buying 170.1m. shares.
Mitsubishi will acquire the shares through its decision to swap $1.7bn of convertible bonds into an equity stake...