FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
ACQUISITION OF EDISON MISSION ENERGY INTERNATIONAL ASSETS
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 30, 2004
Commission File Number 09929
MITSUI & CO., LTD.
(Translation of registrant's name into English)
2-1, OHTEMACHI 1-CHOME CHIYODA-KU, TOKYO 100-0004 JAPAN
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:
Form 20-F __X__ Form 40-F____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ____
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to security
holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): ____
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes____ No __X__
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- _______
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: July 30, 2004
MITSUI & CO., LTD.
By: /s/ Tasuku Kondo
-------------------------------
Name: Tasuku Kondo
Title: Executive Director
Executive Vice President
Chief Financial Officer
July 30, 2004
Mitsui & Co., Ltd.
For immediate release
ACQUISITION OF EDISON MISSION ENERGY INTERNATIONAL ASSETS
Mitsui & Co., Ltd. ("Mitsui") announces that in Los Angeles (USA) on 29 July
2004 local time, in partnership with International Power plc ("International
Power") (a large U.K. electric utility company), it has entered into a share
purchase agreement with Edison Mission Energy (USA) to acquire all of the shares
of MEC International BV, Holland (excluding Contact Energy in New Zealand) which
owns all of the international generation portfolio of Edison Mission Energy (the
"BV") for a total purchase price of $2.3 billion (Yen253 billion), resulting in
a net total cash consideration of approximately $2.2 billion (Yen242 billion)
after certain purchase price adjustments prior to closing. Mitsui's ownership
share in the partnership is 30% and Mitsui will invest approximately US$600
million (Yen66 billion) in the partnership to fund the acquisition of the BV.
Mitsui intends to close the deal by the end of this year, subject to conditions
precedent for each asset.
The BV's assets comprise a portfolio of international power generation assets in
13 locations around the world namely in Europe (UK, Spain, Italy and Turkey),
Asia (Thailand, Indonesia and the Philippines), Australia and Puerto Rico. Fuel
type of power generation likewise varies from gas and coal to hydro and wind.
BV's assets constitute an excellent portfolio with the assets operating under
long-term power purchase agreements and contracts. A total power generation
capacity of the 13 power stations on a net share basis is approximately 5,400MW
with Mitsui's share being approximately 1,600MW.
Mitsui and International Power have been working together in power business of
Pakistan and Abu Dhabi and the project this time will further their strong
relationship.
Mitsui intends to promote this project together with International Power while
fully taking into consideration environmental and socio-economic matters.
Mitsui regards participation into power generation business as one of its core
business areas in its Mid-term Business Plan "Global Growth 2006" and will
expand its generation portfolio with quality assets in the future. This project
is the first of the above-mentioned business strategy and will greatly
contribute to expanding Mitsui's business portfolio and profit basis.
Inquiries should be addressed to:
Corporate Communications Division
Telephone: +81-3-3285-7596
Facsimile: +81-3-3285-9819
E-mail address: N.Kozuka@mitsui.com