Mitsubishi Corporation
Notice Regarding Acquisition of Shares or Interests Involving Change of Subsidiaries, etc. (Subsidiarization of Shale Gas Business in Texas and Louisiana, USA)
Mitsubishi Corporation has decided to acquire all interests of Aethon, which operates shale gas businesses in Texas and Louisiana, USA, for 5.2 billion USD, with the share transfer scheduled for execution in the first quarter of fiscal 2026.
Key Figures
- Acquisition Price: 5,200 million USD
- Number of Shares Acquired: 1,699,418 units (100.0% voting rights ownership)
- Aethon's Interest Production Volume: Approximately 2.1 Bcf/day (Equivalent to about 15 million tons/year LNG)
AI要約
Overview of M&A
Mitsubishi Corporation has resolved to acquire all interests of Aethon III LLC, Aethon United LP, and related companies, which hold interests and engage in development, production, and sales in the Haynesville shale gas area spanning Texas and Louisiana, USA. The acquisition price is 5.2 billion USD, with the share transfer execution planned for the first quarter of fiscal 2026. Consequently, Aethon III LLC, Aethon United LP, and Aethon III Blocker LLC will become specified subsidiaries of Mitsubishi Corporation.
Future Outlook and Business Strategy
This transaction aims to strengthen the earnings foundation of the natural gas and LNG businesses and accelerate the construction of an integrated upstream gas-originated value chain in the United States. The impact on earnings and financial condition for the fiscal year ending March 2026 is expected to be minor.
