Mitsubishi to Raise Stake in Thai Union for $205 Million

Mitsubishi Corp. is seeking to acquire an additional 13.81% stake in Thai Union Pcl for 6.65 billion baht ($205 million) as the Japanese conglomerate aims to deepen collaboration with the Thai seafood producer.

Mitsubishi has offered to buy 532.27 million Thai Union shares for 12.50 baht each, according to a filing on the Stock Exchange of Thailand on Monday. The offer price is 6% higher than Thai Union’s closing price of 11.80 baht on Friday.