Mitsui acquired a 15% stake, equivalent to a $36.4 million investment, in Sats’ food solutions operations in India, Thailand and Tianjin in China, as well as in its food distribution subsidiary, Country Foods.
On Aug 23, Sats’ CEO Kerry Mok met with regional media in Tokyo to showcase the group’s culinary delights following its partnership with Mitsui.
In July, Sats had entered into a strategic partnership with Japanese conglomerate Mitsui through its subsidiary Sats TFK.
