Energy
Mitsubishi Said in Advanced Talks on $8 Billion Aethon Deal
The Mitsubishi Corp. headquarters in Tokyo.
Photographer: Tomohiro Ohsumi/Bloomberg
Mitsubishi Corp. is in advanced talks to buy the assets of Aethon Energy Management for close to $8 billion, people familiar with the matter said, in what would be the Japanese conglomerate’s biggest ever acquisition.
Tokyo-based Mitsubishi could announce a deal with the US energy-focused investment firm in the next couple of months, according to the people. Abu Dhabi National Oil Co. had also been considering a potential transaction involving Aethon, Bloomberg News reported in April.