Mitsui & Co., Ltd.’s acquisition of a participation in the Maersk Tankers fleet of refined oil tankers


Norton Rose Fulbright has advised Mitsui & Co., Ltd. (Mitsui) in connection with its acquisition of a participation in the Maersk Tankers fleet of refined oil tankers.

Norton Rose Fulbright advised Mitsui on the establishment of consortium arrangements between Mitsui and A.P. Moller Holding and on the acquisition by Mitsui of its shareholding in that consortium, which will own the Maersk Tankers fleet.

Mitsui & Co., Ltd. operates as a general trading company worldwide. It engages in the export, import, wholesale, and retail of steel products; steel processing; mining and sale of iron ores; and sale and trading of non-ferrous scrap, alloys, and products. The company, led by Tatsuo Yasunaga, Hiroyuki Kato and Masayuki Kinoshita, is based in Tokyo.

The Norton Rose Fulbright team was led by Tokyo partners George Gibson (Picture) and Paul Coggins. Chris Viner (partner, London) and Andrew Clarke (senior associate, Tokyo) led on the negotiation of the transaction documentation. The team in Tokyo also included Of counsel Jason Lemann and associates Jon Wang, Akiko Tonosaki, Jennifer Brightling and Yui Ota.

Competition advice was provided by partner Christian Filippitsch, senior associate Max Seuster and associate Violetta Bourt from the firm’s Brussels office. Advice on Danish law was provided by Messrs Mazanti-Andersen Korso Jensen.

Involved fees earner: George Gibson – Norton Rose Fulbright; Paul Coggins – Norton Rose Fulbright; Chris Viner – Norton Rose Fulbright; Christian Filippitsch – Norton Rose Fulbright; Max Seuster – Norton Rose Fulbright; Violetta Bourt – Norton Rose Fulbright;

Law Firms: Norton Rose Fulbright;

Clients: Mitsui & Co. Ltd;